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‘Hindu Rate of Growth’ Label Was Product of Colonial Mindset, Says PM Modi

PM Modi linked the term ‘Hindu rate of growth’ to colonial-era mental slavery and highlighted India's recent 8.2% GDP growth as evidence of overcoming this mindset.

  • On Saturday, Prime Minister Narendra Modi at the Hindustan Times Leadership Summit urged India to rid itself of the slave mentality in the next 10 years and rejected the Hindu rate of growth label as colonial.
  • In economic discourse, Raj Krishna, Indian economist, coined the term 'Hindu rate of growth' in 1982, which entered books and research papers as a scholarly label.
  • Referring to the country's 8.2% Q2 growth, Modi said Bharat is a growth driver with high growth, low inflation, next-gen GST , and zero tax on income of Rs 12 lakh.
  • The PM said the slave mentality destroyed India's indigenous manufacturing sector and defence production, as Indian government officials viewed Indian-made weapons as inferior, making India a major importer of defence equipment.
  • Macaulay's policy, Modi noted, will reach its 200th year milestone with '10 years left', urging a yatra of Bharat as a psychological renaissance and transformation in mentality.
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8pmnews.com broke the news in on Saturday, December 6, 2025.
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