Modi urges Indians to favor domestic options, citing strong GDP growth
Prime Minister Narendra Modi called on citizens to prioritize local products and services, discouraging overseas vacations, foreign weddings and non-essential gold purchases, while celebrating a 7.8% quarterly GDP rise.
Prime Minister Narendra Modi released a social-media video celebrating a 7.8% year-on-year expansion of India's economy in the April-June quarter, noting the figure exceeded expectations despite global turmoil. He connected this performance to a national drive for Swadeshi and self-reliance, urging citizens to forgo foreign vacations, overseas wedding ceremonies and unnecessary gold purchases. Modi emphasized that maintaining growth speed requires a continued commitment to domestic consumption and production.
He suggested that these measures will help realise the aspirations of India's young population and support a developed nation by the centenary of independence. The leader also warned of attempts to spread negativity, asserting that India’s progress persists regardless of such influences.
Why it matters
The message signals a push for greater domestic consumption, affecting consumer behavior and economic policy in India's large market.
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