Commerce Minister Piyush Goyal on Saturday hit out at those who he alleged had their "perception" that India's destiny is mere 4-4.5 per cent economic growth, and it could not or did not have the potential to grow at a pace higher than that.
Noting that India is the fastest-growing major economy in the world today and is being described as a global growth engine, Prime Minister Narendra Modi on Saturday said that use of the term 'Hindu rate of growth' for India's low growth rate from 1950s to 1980s reflected mentality of slav
"Today's journey of India is not only about development but also about a change in mindset, a psychological renaissance", said the Prime Minister while addressing a gathering at the HT Leadership Summit 2025.
The argument that India is going towards a 'Hindu rate of growth' is "ill-conceived, biased and pre-mature" when weighed against the respective data on savings and investments, said SBI Research in its Ecowrap report.