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BUSINESS
PM Modi lauds India's 7.8% real GDP growth in Q1FY27; asks citizens to avoid foreign trips, buying gold
PM Narendra Modi hailed India’s 7.8% real GDP growth in Q1 FY27, calling it a reflection of the country's collective strength. He credited people's hard work amid global challenges and criticised the Opposition for “spreading despair” while stressing the need to maintain growth momentum.
GlobeSignal-AIlow certainty
- Why it matters
- Modi's simultaneous appeal to restrict foreign spending and gold buying suggests concern about capital outflow or external demand pressures despite the headline growth figure.
- Most affected
- Indian consumers planning international travel or gold purchases — Facing public pressure to restrict spending in these categories.
- Likely next
- Whether Modi elaborates on the rationale for these spending restrictions or whether they translate into policy measures.
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