Narendra Modi · CC BY 2.0India’s GDP grows 7.8%; PM Modi urges citizens to cut gold buying and foreign travel
India’s economy grew 7.8% in the latest reading, even as Prime Minister Narendra Modi appealed to citizens to reduce gold purchases and foreign travel to strengthen the domestic economy. Modi made the appeal on September 1 in a video posted from the Shanghai Cooperation Organisation (SCO) summit in Bishkek, linking everyday spending choices to India’s goal of becoming a developed economy by 2047.
Nabka Insight
The 7.8% growth figure, the SCO Bishkek setting and the ‘developed by 2047’ framing are staple economy talking points.
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- India’s GDP grew 7.8% in the reported period.
- PM Modi urged citizens to cut back on gold purchases and foreign travel to aid the economy.
- The appeal was made on 1 September in a video from the SCO summit in Bishkek.
- Modi linked the message to India’s goal of becoming a developed economy by 2047.
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