Prime Minister Mr. Narendra Modi Highlights India’s 7.7% Growth in FY26, Reaffirms Status as Fastest-Growing Major Economy
- IBEF
- June 8, 2026
Prime Minister Mr. Narendra Modi highlighted India’s strong economic performance after the country recorded 7.7% growth in FY26, reaffirming its position as the world’s fastest-growing major economy. Addressing a public gathering in Daman, he described the latest growth figures as evidence of the strength and resilience of India’s economic foundations. The economy also expanded by 7.8% in the quarter ended March 31, 2026, reflecting sustained momentum despite a challenging global environment marked by economic uncertainty and slower growth in several regions. The Prime Minister noted that the achievement demonstrates the effectiveness of India’s development strategy and the growing strength of domestic economic drivers. The robust growth performance has been supported by continued investments, rising economic activity and policy initiatives aimed at strengthening productivity and competitiveness across sectors.
The Prime Minister attributed the strong economic growth to ongoing reforms, large-scale infrastructure development and welfare initiatives that have improved livelihoods and expanded economic opportunities. Significant investments in roads, railways, ports, airports, renewable energy and digital infrastructure have helped strengthen the country’s growth trajectory while enhancing connectivity and supporting long-term development. The growth momentum also reflects the impact of efforts to improve ease of doing business, attract investments and expand access to essential services. Emphasising the government’s vision of “Reform, Perform and Transform”, the Prime Minister stated that economic reforms and infrastructure expansion would continue to remain central to India’s development strategy. He also acknowledged the contribution of citizens, businesses and workers in driving economic progress and reiterated the commitment to maintaining high growth while improving living standards. The latest growth figures reinforce confidence in India’s economic outlook and its ability to sustain strong performance amid evolving global economic conditions.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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