Final answer:
The caste system has not significantly held back economic growth in India due to urbanization, meritocracy, globalization, and industrialization, which promote social mobility and economic development.
Step-by-step explanation:
The statement that the caste system has not held back the economic growth in India demonstrates how culture should not be overemphasized when discussing the economic sphere. Despite the lingering effects of the caste system in certain rural areas, India's economic growth has been significant due to factors such as urbanization, merit-based hiring practices, globalization, industrialization, and the democratic system of governance. These factors have led to a modernization that has overshadowed the restrictive aspects of the caste heritage, although it's important to note that caste discrimination and its impact on society persist in various forms.