Ramaswami: Even if we take 5 per cent, that will still be an 11-year low. In addition, it is by now quite clear that the new method of GDP estimation seriously overestimates its growth rate; in fact a former chief economic advisor had suggested that against the 7 per cent growth which was being claimed for the period before the slowdown began, the actual growth rate would have been only around 4.5 per cent. This means that even the 5 per cent official growth rate projected for 1919-20 would actually entail a much lower growth rate, no more perhaps than 3 to 3.5 per cent, which in the old days used to be facetiously called the “Hindu Rate of Growth”.