India GDP grows 7.8%, but PM Modi urges less gold purchase, foreign travel: Does it help the economy? Expert weighs in

India's economy grew 7.8% in the latest quarter, and Prime Minister Narendra Modi urged citizens to curb gold purchases and foreign travel to strengthen domestic demand. Speaking in a video from the Shanghai Cooperation Organisation (SCO) summit in Bishkek on September 1, he linked such spending choices to India's stated goal of becoming a developed economy by 2047.

Nabka Insight

Headline GDP prints and the 2047 'developed India' target are staple economy questions.

Key facts

GDP growth reported at 7.8%
PM Modi's appeal made September 1 via video from the SCO summit in Bishkek
Goal cited: developed economy ('Viksit Bharat') by 2047

Relevant forBanking · SSC · State PSC · UPSC

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