📷 Image: Wikimedia Commons / Narendra Modi
Business
India's GDP jumps 7.8% as Modi hails growth, BJP counters Rahul Gandhi's economic tsunami
✍️ Business Today
🗓 02 Sep 2026, 12:39 PM
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India's gross domestic product recorded a 7.8% increase, prompting Prime Minister Narendra Modi to praise the performance. The ruling BJP also responded to opposition leader Rahul Gandhi's criticism, labeling it an economic tsunami.
India's latest economic data show that gross domestic product expanded by 7.8% over the reporting period, marking one of the strongest growth rates in recent years. The figure, released by official statistical agencies, underscores the resilience of the Indian economy amid global headwinds.
Prime Minister Narendra Modi addressed the nation shortly after the release, describing the growth as a testament to the government's reform agenda and the hard work of Indian citizens. He highlighted sectors such as manufacturing and services as key drivers of the expansion.
The ruling Bharatiya Janata Party (BJP) also seized the moment to counter criticism from opposition leader Rahul Gandhi, who had referred to the economic situation as an "economic tsunami." Party spokespeople dismissed the comment as sensationalist, reiterating confidence in the country's economic trajectory.
Analysts noted that while the headline number is encouraging, deeper scrutiny of component indicators will be needed to assess the sustainability of the pace. Nonetheless, the government is positioning the 7.8% growth as a milestone for its development narrative.
Prime Minister Narendra Modi addressed the nation shortly after the release, describing the growth as a testament to the government's reform agenda and the hard work of Indian citizens. He highlighted sectors such as manufacturing and services as key drivers of the expansion.
The ruling Bharatiya Janata Party (BJP) also seized the moment to counter criticism from opposition leader Rahul Gandhi, who had referred to the economic situation as an "economic tsunami." Party spokespeople dismissed the comment as sensationalist, reiterating confidence in the country's economic trajectory.
Analysts noted that while the headline number is encouraging, deeper scrutiny of component indicators will be needed to assess the sustainability of the pace. Nonetheless, the government is positioning the 7.8% growth as a milestone for its development narrative.