Narendra Modi · CC BY 2.0India 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.
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- 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
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