"Hindutva

By iastoppers.com

What is

Explained

Rate"

GDP Growth?

of

A recent short-duration discussion on the Indian economy in the Rajya Sabha introduced the concept of the "Hindutva rate" of GDP growth

A Member of Parliament introduced the concept of the "Hindutva rate," distinct from the "Hindu rate"

Hindu growth rate was coined by economist Raj Krishna in 1982, citing India's meager 3.5% growth rate, associated with Nehruvian economic policies

The current government disapproves of the term as it seems to link Hindu religion with mediocre economic performance

A Sanskrit shloka emphasizes that money spent under Dharma (righteousness) brings happiness, linking it to the spending approach under the ruling government

Accelerated GDP growth rate is attributed to the understanding of how money should be spent, focusing on the poor and development

India became a current account surplus in 2003-04, and forex reserves increased from $100 to $500 billion, in line with Western countries

Symbolic events such as Ram Temple movement, demolition of the Babri Masjid, and the waning influence of Nehruvian economic model influenced Hindutva Growth

Hindutva rate of growth showcases that economic progress under present leadership is aligned with ethical principles and strategic spending