Archive · 1 Sep 2026
Modi Hails 7.8% Q1 GDP Growth, Urges Swadeshi Amid Criticism
India’s economy grew by 7.8% during the first three months of FY27.
This quarter lasted from April through June.
Prime Minister Narendra Modi said people’s hard work helped produce the strong result.
He also said India grew despite wars, crises and problems with supply chains.
Modi asked people to buy more Indian products and support local businesses.
He suggested avoiding unnecessary foreign travel, overseas weddings and gold purchases.
Finance Minister Nirmala Sitharaman said manufacturing and financial services also grew strongly.
She said the economy was growing across many areas, but Congress leader Jairam Ramesh questioned how the numbers were calculated.
The official figures can still be revised.
India’s real GDP grew 7.8% in Q1 FY27, covering April-June, according to MoSPI data.
Prime Minister Narendra Modi credited citizens’ determination and collective strength despite wars, crises and disrupted supply chains.
Modi urged Swadeshi and Vocal for Local, including domestic purchases, India-based weddings and avoiding unnecessary foreign travel or gold buying.
Finance Minister Nirmala Sitharaman said growth was broad-based, citing 9.2% manufacturing growth and 12.1% growth in financial and professional services.
Sitharaman defended the economy against criticism, while Congress leader Jairam Ramesh called the figures “statistical gymnastics”; the estimates remain subject to revision.
- Who
- Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, the Government of India, Congress leader Jairam Ramesh and India’s citizens.
- What
- India recorded 7.8% real GDP growth in Q1 FY27, with 10.3% nominal GDP growth and 8.2% real GVA growth.
- When
- The quarter covered April-June of FY27. Reports variously say Modi issued his message on Monday or Tuesday.
- Where
- India; Modi’s remarks were posted on X or Instagram, while Sitharaman discussed the figures at a G20 summit in Asheville, North Carolina.
- Why
- Modi and Sitharaman attributed the performance to citizens’ efforts, government reforms and economic management. Modi said self-reliance could help sustain momentum amid global uncertainty.
Government’s position
Opposition and critical view
Meaning of the growth figures
Government’s position
Modi described the 7.8% growth as evidence of Indians’ collective strength, while Sitharaman said reforms, economic management and broad-based expansion were supporting the performance.
Opposition and critical view
Congress leader Jairam Ramesh called the GDP figures “statistical gymnastics.” Sitharaman also said political parties should not undermine ordinary citizens’ efforts by describing the economy as “dead.”
Economic priorities
Government’s position
Modi urged Swadeshi, Vocal for Local and Atmanirbhar Bharat, including greater use of domestic products and local consumption.
Opposition and critical view
The articles do not provide a specific Opposition position on Modi’s calls to avoid unnecessary foreign travel, overseas weddings or nonessential gold purchases.
Growth outlook
Government’s position
Modi said India should maintain its pace and continue expanding despite global conflicts and supply-chain disruptions. Analysts cited in one report forecast FY27 growth of about 7%-7.5%.
Opposition and critical view
The articles note risks including inflation, buoyant crude-oil prices and possible effects from global events, while MoSPI cautioned that the Q1 estimates may be revised.
- Real GDP growth
- 7.8% in Q1 FY27
- Real GDP estimate
- Rs 81.36 lakh crore, compared with Rs 75.46 lakh crore in Q1 FY26
- Nominal GDP growth
- 10.3%, with nominal GDP estimated at Rs 88.27 lakh crore
- Real GVA growth
- 8.2%, with real GVA estimated at Rs 73.82 lakh crore
- Sector growth cited by Sitharaman
- Manufacturing grew 9.2%; financial and professional services grew 12.1%
- RBI comparison
- The Q1 result exceeded the RBI’s earlier 7% estimate; its FY27 forecast was revised to 6.7% from 6.6%
- Estimates status
- MoSPI said improved data coverage and revised input data could lead to later revisions
- Next release
- Q2 FY27 GDP estimates are scheduled for November 30, 2026
Sources
'7.8% Growth, Reflection of Collective Strength': PM Modi Hails India's GDP Growth, Hits Out at Opposition for 'Spreading Despair'
PM Modi Hails India’s 7.8% Q1 GDP Growth, Calls It 'Collective Strength' Amid Global Crises; Slams Opposition For 'Spreading Despair' | Video
Modi underscores Swadeshi Mantra; growth is secular, says FM - Economy News
PM Modi lauds India's 7.8% real GDP growth in Q1FY27; asks citizens to avoid foreign trips, buying gold
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