PM Modi Hails 7.8% Growth, Hits Back at Tariff Barriers
PM Modi Hails 7.8% Growth, Hits Back at Tariff Barriers
“7.8% Growth Despite Challenges Driven By Economic Self-Interest”: PM Modi’s Dig At Tariffs
India’s economy has once again showcased its resilience, with Prime Minister Narendra Modi highlighting a robust 7.8% growth despite global headwinds, supply chain disruptions, and protectionist trade policies. Speaking at an international forum, PM Modi underlined that India’s economic rise is driven by self-reliance, reforms, and a focus on sustainable growth, while subtly criticizing countries that continue to impose tariffs under the guise of safeguarding their industries.
India’s Growth Story Amid Global Challenges
The Prime Minister emphasized that the Indian economy has defied predictions of slowdown and remained a global bright spot. With inflationary pressures, geopolitical tensions, and weakening demand affecting major economies, India has not only maintained stability but also registered one of the fastest GDP growth rates among major economies at 7.8%.
This achievement, he said, reflects India’s domestic policy reforms, digital transformation, infrastructure push, and strong consumption base. Sectors such as manufacturing, services, and agriculture have all played a role in ensuring consistent economic expansion.
Criticism of Tariff-Driven Protectionism |
7.8% Growth Despite Challenges
Taking a swipe at certain global powers, PM Modi stressed that tariff-driven policies harm collective progress. While many nations have turned inward, raising tariffs to shield domestic industries, India has pursued a path of open yet fair trade partnerships.
According to him, the reliance on tariffs as a protectionist tool may provide short-term relief but ultimately stifles innovation and growth. “Economic self-interest should not be confused with isolationism,” he remarked, pointing out that sustainable prosperity comes from collaboration, innovation, and market access rather than restrictive barriers.
Self-Reliance and Global Integration
PM Modi reiterated that India’s model is based on ‘Atmanirbhar Bharat’ (self-reliant India), where domestic strength is complemented by global integration. The success of programs like Make in India, Digital India, and Start-Up India has created an environment where the country can withstand external shocks while contributing positively to global supply chains.
India’s growing role as a manufacturing hub, coupled with investments in renewable energy, semiconductors, and digital infrastructure, ensures that the nation is not just growing in numbers but also positioning itself as a key global player.
Looking Ahead: Balanced Growth
The Prime Minister called for balanced and inclusive economic policies that prioritize not only national self-interest but also collective well-being. He urged developed economies to lower trade barriers, promote fair competition, and respect the principles of multilateralism.
India, he added, will continue to work with like-minded nations to create a global order where growth is not hindered by unfair practices but encouraged through innovation, technology, and sustainable trade.
Conclusion |
7.8% Growth Despite Challenges
India’s 7.8% growth despite challenges is a strong signal that resilience, reform, and responsible economic strategies can overcome external pressures. PM Modi’s remarks serve as both a celebration of India’s achievements and a reminder to the global community that tariffs and protectionism cannot be the foundation of lasting prosperity.
Key Highlights of PM Modi’s Statement
Aspect | Details |
---|---|
Growth Rate | India achieved 7.8% GDP growth despite global challenges. |
Focus Keyword | 7.8% Growth Despite Challenges |
Main Driver | Economic self-reliance, reforms, and strong domestic consumption. |
PM Modi’s Criticism | Tariff-driven policies by global powers hurt collective progress. |
India’s Approach | Balance of Atmanirbhar Bharat (self-reliance) + global trade integration. |
Key Sectors Boosting Growth | Manufacturing, services, agriculture, digital economy, infrastructure. |
Long-Term Vision | Fair trade, innovation, sustainability, and multilateral cooperation. |
Global Message | Tariffs can’t drive lasting prosperity; collaboration is essential. |