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Politics
Modi urges Indians to buy local, curb overseas travel, weddings, gold as GDP hits 7.8% Q1 FY27
✍️ The Hindu
🗓 01 Sep 2026, 01:40 PM
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Prime Minister Narendra Modi, in a video message, called for domestic consumption, reduced foreign travel, lavish weddings and gold purchases, while praising a 7.8% GDP growth in Q1 of FY 2026‑27.
In a video address shared on social media, Prime Minister Narendra Modi appealed to citizens to prioritize Indian-made products and services. He highlighted the need to limit discretionary spending on overseas trips, extravagant weddings and non-essential gold purchases, urging a shift toward homegrown consumption.
Modi linked this call to the broader economic picture, noting that India’s gross domestic product grew by 7.8% in the first quarter of the 2026‑27 financial year. He described the growth as a testament to the resilience of the Indian economy and the benefits of a consumption‑driven model.
The prime minister emphasized that sustained domestic demand would reinforce the growth trajectory, create jobs and reduce the current account pressure. He concluded by urging every Indian to contribute to the nation’s prosperity through mindful spending and support for local industries.
Modi linked this call to the broader economic picture, noting that India’s gross domestic product grew by 7.8% in the first quarter of the 2026‑27 financial year. He described the growth as a testament to the resilience of the Indian economy and the benefits of a consumption‑driven model.
The prime minister emphasized that sustained domestic demand would reinforce the growth trajectory, create jobs and reduce the current account pressure. He concluded by urging every Indian to contribute to the nation’s prosperity through mindful spending and support for local industries.