PM Modi Seeks Economic Growth Strategies Amid Global Challenges
PM Modi discusses ways to boost economic growth amid global turmoil
Image: Asianet Newsable
Prime Minister Narendra Modi convened a meeting with the PM-Economic Advisory Council to discuss strategies for enhancing India's economic growth amidst global instability. The discussions included reforms for improving business conditions and citizen initiatives to reduce reliance on imported fuel.
- 01PM Modi held a meeting with the PM-Economic Advisory Council to discuss boosting economic growth.
- 02India's real GDP is projected to grow by 7.8% year-on-year in the fourth quarter of FY 2025-26.
- 03The secondary and tertiary sectors are expected to drive growth, with the secondary sector growing 8.8% and the tertiary sector 9.3% in FY26.
- 04Citizens are encouraged to adopt measures like reducing fuel consumption and using public transport to enhance economic resilience.
- 05Nominal GDP for FY26 is estimated at ₹346.36 lakh crore, reflecting an 8.9% growth over the previous year.
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Prime Minister Narendra Modi chaired a meeting with the PM-Economic Advisory Council to explore measures for bolstering India’s economic growth amid global uncertainties. The discussions focused on reforms to enhance the ease of living and doing business. Modi previously urged citizens to contribute to economic resilience by reducing dependence on imported fuels and adopting sustainable practices, including using public transport and Swadeshi products. India's economy has shown strong performance, with real GDP growth projected at 7.8% year-on-year for the fourth quarter of FY 2025-26. The nominal GDP is estimated to reach ₹346.36 lakh crore, growing 8.9% from the previous year. Key sectors driving this growth include the secondary and tertiary sectors, with expected growth rates of 8.8% and 9.3%, respectively, in FY26. The primary sector, mainly agriculture, is projected to grow by 3.2%.
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The government's initiatives aim to enhance economic resilience and reduce dependency on imports, which could lead to lower fuel costs and promote sustainable practices among citizens.
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