India GDP grows 7.8%; PM urges less gold buying, foreign travel
India's economy grew 7.8% in the latest reading. Against this backdrop, Prime Minister Narendra Modi, in a video posted on Instagram on September 1 from the Shanghai Cooperation Organisation (SCO) summit in Bishkek, appealed to citizens to cut back on gold purchases and foreign travel. He linked such domestic spending choices to India's goal of becoming a developed economy by 2047.
Nabka Insight
GDP growth figures and the 'developed India by 2047' target are core economy talking points.
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- India's GDP grew 7.8% in the latest reading.
- PM Modi's appeal made on September 1 via an Instagram video from the SCO summit in Bishkek.
- He urged reduced gold buying and foreign travel, citing the 2047 developed-economy goal.
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