Modi hails 7.8% GDP growth, calls for focus on self-reliance

In a video message posted on Instagram, Modi highlighted the country's economic resilience in the face of geopolitical tensions, global conflicts, and disrupted supply chains. He countered narratives of economic pessimism, asserting that the latest growth figures demonstrate the strength of the Indian economy and the resilience of its people.

The Prime Minister stressed the importance of maintaining economic momentum through continued focus on 'Atmanirbhar Bharat' or self-reliant India. He emphasized that sustained emphasis on indigenous goods and self-reliance would create opportunities for the nation's youth and help realize the vision of a developed India by the country's centenary year of independence in 2047.

Modi also appealed to citizens to curtail discretionary spending on imported goods and foreign travel, framing the request as part of the broader national effort towards economic self-sufficiency. His remarks underscored the government's strategy to channel domestic consumption towards locally-produced goods and services as a means of strengthening the economy and creating sustainable growth.