Summary:

Following India's 7.7% growth in FY26, Prime Minister Narendra Modi emphasised the nation's impressive economic performance and reaffirmed its position as the fastest-growing major economy in the world. He stated in Daman that the growth numbers show how resilient India's economic underpinnings are. Despite the uncertainty surrounding the world economy, the GDP grew by 7.8% in the quarter that concluded on March 31, 2026. Modi credited the performance to welfare programs, infrastructural development, and reforms that have increased opportunities and enhanced livelihoods. Growth was aided by investments in digital infrastructure, transportation, and renewable energy, as well as initiatives to make doing business easier and draw in capital. He restated the government's "Reform, Perform, and Transform" strategy for long-term prosperity and sustainable development.

Source: IBEF

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