NEW DELHI — Prime Minister Narendra Modi on Tuesday greeting the nation for achieving a 7.8 per cent GDP growth rate in the April–June quarter (Q1 FY27), calling the economic performance a reflection of India’s "collective strength and industrious spirit" in the face of global conflicts, energy instability, and disrupted supply chains.
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The latest real GDP figures beat expectations—exceeding the Reserve Bank of India’s (RBI) 7 per cent projection and accelerating from the 6.9 per cent registered in the same quarter a year earlier.
Rebuttal to Critics
In a video message posted online, the Prime Minister took a sharp swipe at critics and political opponents, asserting that the economic data had dismantled narratives of despair:
"The world is beset by crises and supply chains remain disrupted. Since 2020, global stability has been elusive. Yet, India continues to progress rapidly. Meanwhile, those mired in the abyss of pessimism are busy spreading 'jhooth ki goonj' (echo of falsehoods). Rising above all obstacles, the nation has achieved 7.8 per cent growth," PM Modi said.
Fresh Call for Self-Reliance and Domestic Spending
Emphasizing the goal of a developed India by its centenary of independence, PM Modi stated that sustaining high growth requires strict adherence to self-reliance (Atmanirbhar Bharat) and the Swadeshi movement. He asked citizens to curb discretionary expenditures that send capital out of the country:
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- Host Weddings in India: Refrain from destination weddings abroad to retain spending within the domestic economy.
- Curtail Foreign Leisure Travel: Prioritize domestic tourism over discretionary vacations overseas.
- Reduce Non-Essential Gold Imports: Avoid buying bullion unless strictly necessary to help manage import outflows.
- Vocal for Local: Actively support Indian-manufactured goods across consumer sectors.
Modi added that sound government policies and transparent governance would continue to steer India's economy forward despite persistent global turbulence.
