India Emerging as Global Growth Outlier, Says PM Modi at HT Summit
Addressing the Hindustan Times Leadership Summit, PM Modi said India’s 8.2% Q2 GDP growth proves the nation is driving global expansion, calling it a model of “high growth and low inflation” amid worldwide economic uncertainty
India a ‘Model of High Growth, Low Inflation,’ Says PM Modi as Q2 GDP Surges
New Delhi: Prime Minister Narendra Modi on Saturday said India has positioned itself as a rare bright spot in a turbulent global economy, calling the country a “model of high growth and low inflation.” Speaking at the Hindustan Times Leadership Summit, he said the nation’s 8.2% GDP growth in Q2 reflects India’s emergence as a key driver of global economic momentum.
Modi contrasted India’s performance with sluggish international trends, noting that global growth is hovering around 3%, while the G7 economies are expanding at just 1.5% on average. “When the world speaks of a slowdown, India writes a story of growth,” he said.
He added that the country’s economic revival is part of a broader transformation—one that involves overcoming the “colonial mindset” that once undermined national self-confidence. “India is now seen in a different league. When the world faces distrust, India becomes a pillar of trust; when the world fragments, India acts as a bridge.”
Calling the Q2 GDP figure more than just a statistic, Modi said it signals strong macroeconomic fundamentals and reinforces India’s role in shaping global outcomes. He argued that the changes witnessed in the last decade are not incremental but structural, reshaping India’s economic foundations.
India’s robust growth comes at a time when major economies are struggling with inflation, geopolitical tensions, and slowing demand. Analysts say sustained domestic investment, consumption, and policy stability have helped shield India from global shocks. However, they caution that maintaining low inflation alongside rapid expansion will require careful monetary and fiscal coordination—especially as global risks remain elevated.
India's ambition to become a global growth engine hinges on translating macroeconomic strength into job creation, industrial competitiveness, and inclusive development at the grassroots level.