New Delhi, September 1: Following India’s GDP growth reaching 7.8% in the first quarter of the fiscal year 2026-27, political and economic discussions have intensified across the country. The Bharatiya Janata Party (BJP) has cited this figure as evidence of strong macroeconomic fundamentals under Prime Minister Modi’s leadership and has demanded an apology from Rahul Gandhi for his previous comments labeling the economy as a “dead economy.” Meanwhile, the Congress party welcomed the growth but questioned when the benefits would reach the common man, who is struggling with inflation and unemployment.
BJP national spokesperson Pradeep Bhandari stated, “Rahul Gandhi had called India’s economy a dead economy. Today, the economy is growing at a rate of 7.8%. This proves that under Prime Minister Narendra Modi’s leadership, India’s macroeconomic fundamentals are not only strong but also that India is a shining spot in the global economy. Rahul Gandhi should apologize to the nation today.”
On the other hand, Shiv Sena MP Milind Deora expressed his support for the Prime Minister’s statement, acknowledging the global challenges, including conflicts in Iran, Russia, and Ukraine, which are putting pressure on crude oil prices. He noted that India imports a significant portion of its crude oil from Iran and other countries. Despite these challenges, he emphasized that India’s economy remains robust and is on track to become one of the largest economies in the world.
Congress leader Rajesh Thakur welcomed the growth rate but urged the government to clarify how this growth would benefit the most vulnerable sections of society and the middle class. He raised concerns about whether this growth would reduce unemployment and impact inflation, which is currently at its peak.
Chairman of the WTC, Vijay Kalantari, remarked, “We have been saying that India will become a $5 trillion economy before 2030. By 2047, we aim for a $30 trillion economy, and I believe we can even surpass that target, possibly reaching $40 trillion.” He also highlighted the benefits of the digital economy promoted by the Prime Minister, noting that GST collections have been consistently increasing.
Financial expert Ajay Roti expressed confidence in sustaining this growth, citing an increase in gross fixed capital formation by 11.9%, indicating a potential rise in private capital expenditure. He emphasized the importance of maintaining this growth rate while remaining cautious about geopolitical situations and global economic conditions.
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