Archive · 6 Sep 2026
Modi Highlights 7.8% Growth, Contrasts Pre-2014 Policy Paralysis
Prime Minister Narendra Modi spoke at a college celebration in New Delhi.
He said India’s economy grew by 7.8 per cent in the latest quarter.
He compared the present with what he described as a difficult period in 2013.
Modi said that period had high inflation, weak growth, corruption allegations and security concerns.
He called it a time of “policy paralysis.”
He said India is now seen as the fastest-growing major economy.
He pointed to higher power generation, vehicle sales and consumer demand as signs of progress.
Modi also remembered a speech he gave at the college in 2013.
He released a special ₹100 coin to mark the college’s 100th anniversary.
Prime Minister Narendra Modi said India recorded quarterly GDP growth of 7.8 per cent amid global uncertainty.
Speaking at Shri Ram College of Commerce, Modi contrasted what he called pre-2014 “policy paralysis” with current “policy dynamism.”
He said India had moved from the “Fragile Five” label to being viewed as the fastest-growing major economy.
Modi cited a 9 per cent rise in power generation, 20 per cent higher vehicle sales and stronger consumer demand as signs of economic strength.
At the college’s centenary event, he recalled his 2013 address and released a commemorative ₹100 coin.
- Who
- Prime Minister Narendra Modi, speaking to students, faculty and alumni of Shri Ram College of Commerce.
- What
- Modi highlighted India’s reported 7.8 per cent quarterly growth and contrasted current policy dynamism with the pre-2014 period.
- When
- Saturday, September 5; one report was published on September 6, 2026.
- Where
- Shri Ram College of Commerce, University of Delhi, New Delhi.
- Why
- To address the college community, discuss India’s economic performance and mark the institution’s centenary.
- Quarterly GDP growth
- Modi cited growth of 7.8 per cent.
- Power generation
- Modi said power generation rose by 9 per cent.
- Vehicle sales
- Overall vehicle sales reportedly increased by 20 per cent; two-wheeler sales rose around 20 per cent and three-wheeler sales nearly 30 per cent.
- Pre-2014 conditions
- Modi cited inflation near 10 per cent, weak growth forecasts, current-account pressure, industrial slowdown and corruption allegations in 2013.
- Economic classification
- Modi said India had moved from the “Fragile Five” label to being regarded as the fastest-growing major economy.
- College anniversary
- Shri Ram College of Commerce marked its 100th anniversary.
- Commemorative item
- Modi released a commemorative ₹100 coin for the centenary.
Sources
PM Modi Highlights India’s 7.8% Growth, Contrasts Present Economy With Pre-2014 ‘Policy Paralysis’ Era At SRCC Event
'Those who pushed India into 'Fragile 5' cannot digest nation's 7.8 per cent growth': Prime Minister Narendra Modi - Telegraph India
From policy paralysis to policy dynamism, India has come a long way: PM Modi at SRCC after 13 years
