Mumbai, Dec. 20 -- 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.

Speaking at the World Hindu Economic Forum 2025, he recalled the days of the past when many termed India's slow rate of economic growth as 'Hindu rate of growth'.

The term 'Hindu rate of growth', coined by economist Raj Krishna in the late 1970s, referred to India's average annual GDP growth of around 3-4 per cent during the decades following Independence, particularly from the 1950s to around 1980.

Targetting the governments of the past, Congress or Congress-led UPA, Piyush Goya...