Economy

India's GDP Grows 7.8% in Q1; PM Modi Urges Swadeshi Spending

Reuters48m
THE BRIEF
1

India's economy grew by 7.8% in the April-June quarter, surpassing global growth forecasts despite ongoing international instability and energy market volatility.

2

Prime Minister Narendra Modi addressed the growth in Uzbekistan, urging citizens to avoid unnecessary gold purchases, foreign travel, and destination weddings to support the domestic economy.

3

The government's push for 'Swadeshi' consumption aims to strengthen the rupee and reduce reliance on foreign exchange outflows as the country navigates global economic headwinds.