India
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Modi cites 7.8 percent GDP growth in Q1
The Hindu··1 Sept
Prime Minister Narendra Modi congratulated citizens after India recorded 7.8 percent GDP growth in the April-June quarter. He said the pace came despite wars and global instability. On Instagram he asked people to avoid foreign holidays and weddings, and not buy gold unless necessary. The print was above 6.9 percent a year earlier and below 8.6 percent last quarter.
Prism
What It Means For You
- The Prime Minister's appeal asks households to skip non-essential gold purchases.
- He also asked citizens to avoid foreign holidays and foreign weddings.
- The Q1 FY27 growth print is the official backdrop for that message.
What's Happening
- Modi posted on Instagram crediting policies, intentions and public effort for the 7.8 percent figure.
- He said India had progressed since the 2020 COVID pandemic despite global instability.
- He tied Swadeshi and self-reliance to the goal of a developed India by the 100th year of Independence.
How Q1 Compares On The Chart
- GDP grew 7.8 percent in April-June 2026, labelled Q1 FY27 in the report.
- That was above the 6.9 percent recorded in Q1 of the previous year.
- It was below the 8.6 percent pace of the January-March 2026 quarter.
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