PM Modi Highlights 7.8% GDP Growth, Challenges Fragile Five Narrative

Prime Minister Narendra Modi addressed the nation on Tuesday, announcing that India’s gross domestic product grew by 7.8% during the fiscal year 2023-24. He added that the growth rate is a testament to the country’s resilience and a challenge to the narrative that India is part of the so‑called ‘Fragile Five’ economies. Modi emphasized that the government’s policies, including reforms in manufacturing and digital infrastructure, have played a key role in sustaining this momentum. Analysts note that a 7.8% growth rate places India among the fastest‑growing major economies worldwide. The Prime Minister’s remarks come as India seeks to attract foreign investment and strengthen its position in the global economic landscape.