Modi Highlights India's Economic Transformation From Fragile Five

Prime Minister Narendra Modi stated on September 5 that India has achieved 7.8% real GDP growth in the April-June quarter of 2026-27, attributing this to the country's economic transformation.

Speaking at the centenary celebrations of Shri Ram College of Commerce (SRCC) in New Delhi, Modi contrasted the current economic situation with 2013, when India was among the "Fragile Five" economies identified by Morgan Stanley as being exposed to global financial shocks. He described India's current growth as evidence of resilience amid global conflicts and trade uncertainty, stating the country had moved from policy paralysis to policy dynamism.

The GDP growth figure exceeded projections from the Reserve Bank of India and market expectations. The Ministry of Statistics and Programme Implementation reported that manufacturing and services supported the expansion, with real gross value added growing 8.2%, investment rising 11.9%, household consumption increasing 7.1%, and exports growing 12%. Modi also interacted with students during a metro ride to SRCC, encouraging them to read biographies and autobiographies. A teenager compared him to Sarvepalli Radhakrishnan, saying Modi inspires the whole of India.