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Modi cites 7.8% GDP growth at SRCC centenary
Business Standard··6 Sept
Prime Minister Narendra Modi said India's 7.8 percent quarterly GDP growth showed economic strength at SRCC centenary celebrations Saturday. He said critics who once placed India among the fragile five now questioned the data amid West Asia conflict and trade barriers. Modi recalled addressing SRCC in 2013 as Gujarat chief minister during what he called policy paralysis.
Prism
What It Means For You
- Modi framed 7.8 percent quarterly GDP growth as proof of resilience during global stress.
- He spoke at SRCC as Japan Credit Rating Agency upgraded India.
- He contrasted current growth with 2013 inflation and deficit concerns.
What's Happening
- Modi addressed SRCC centenary celebrations in Delhi on Saturday.
- He said critics who labelled India among the fragile five questioned the latest data.
- He recalled his 2013 SRCC speech as Gujarat chief minister.
Growth Amid External Headwinds
- Modi cited West Asia conflict and trade barriers during his remarks.
- He pointed to car sales and steel and cement consumption as demand signals.
- He said India signed trade agreements with about 40 countries over the last decade.
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