‘Demonstration of collective responsibility’: PM Modi says India’s economy achieves 7.8% growth despite a world plunged into wars

Prime Minister Narendra Modi today said that despite the whole world being engaged in conflicts and supply chains disrupted, India’s economy registered an impressive growth of 7.8%. For this success, he gave credit to citizens, saying it was a “demonstration of collective responsibility”.

“The world today is beset by conflicts and crises, with news of war emerging from all directions and global supply chains facing severe disruptions. Since the COVID-19 pandemic in 2020, stability has remained elusive across much of the world. Yet, India has continued to move forward and make rapid progress,” the PM said in his video message on X.

“Heartiest congratulations to my fellow citizens. India’s 7.8% growth rate is a moment of great joy for the nation. I congratulate the people of the country for their determination and hard work, which reflect our collective strength,” he said.

PM calls for maintaining growth momentum

The PM also called for maintaining this growth momentum and moving forward, and criticised those who spread despair among citizens.

“Meanwhile, there are some within the country who remain trapped in pessimism, spreading falsehoods and attempting to create an atmosphere of despair. Rising above these challenges and overcoming such obstacles, the nation has achieved a growth rate of 7.8%. We must sustain this momentum and continue moving forward. For that, building an Atmanirbhar Bharat is essential,” Modi said.

Numbers show economy is growing

On Monday, the government released the GDP growth data, which showed India’s economy grew 7.8% in the April-June quarter of FY27, surpassing the Reserve Bank of India’s 7% forecast and retaining its position as the world’s fastest-growing major economy.

While growth moderated from 8.6% in the preceding quarter, it was higher than the 6.9% expansion recorded in the corresponding period a year earlier.

Real GDP, measured at constant prices, is estimated at ₹81.36 lakh crore in the first quarter of 2026-27, compared with ₹75.46 lakh crore in the corresponding quarter of 2025-26, registering a growth of 7.8%.

Nominal GDP, or GDP at current prices, in Q1FY27 is estimated at ₹88.27 lakh crore, up from ₹80.00 lakh crore in Q126, registering a growth of 10.3%.