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The Times of India
The Times of India
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TIMESOFINDIA.COM

Explainer: What is 'Hindu rate of growth' and why Raghuram Rajan's remarks may be 'premature'

Raghuram Rajan India GDP Hindu RBI Reserve Bank of India Economy New Delhi

NEW DELHI: India's gross domestic product (GDP) data for the third quarter (October-December 2022) received a word of caution from the former Reserve Bank of India (RBI) governor Raghuram Rajan.

In an interview with news agency PTI, Rajan that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth.

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