India grew 7.8 pc in Q1 despite challenges driven by economic self-interest: PM Modi
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Dated:- 2-9-2025
PTI
New Delhi, Sep 2 (PTI) In a veiled rebuttal to the 'dead economy' jibe, Prime Minister Narendra Modi on Tuesday said the Indian economy grew 7.8 per cent in the first quarter, surpassing all expectations despite global uncertainties and challenges driven by economic self-interest.
Speaking at the Semicon India 2025 conference here, he said GDP growth in April-June was better than 'every expectation, hope and estimate'.
Indian economic performance came amidst global uncertainties and “aarthik swarth se paida hue chunautiya hai” (challenges stemming from economic self-interest), he said.
“Once again, India has outper
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tional 25 per cent tariff on Indian goods over the country's purchases of Russian oil. This increased total tariffs to 50 per cent the highest in the world.
In the run up to the imposition of the tariff, Trump had dismissed India's economy as “dead”.
India in the first quarter as well as the 2024-25 (April 2024 to March 2025 fiscal) and years proceedings it, has remained the world's fastest growing major economy, outshining China by yards. The US economy grew at 3.3 per cent in April-June.
US officials have in recent days used unduly harsh words to criticise India over continued purchase of Russian oil.
Modi said his government will unleash a new phase of next generation reforms soon.
“In the coming times, we are going to begin a
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