Prime Minister Narendra Modi on Saturday chaired a meeting of the Prime Minister’s Economic Advisory Council (EAC-PM) to discuss ways to strengthen India’s economy amid global uncertainty. The meeting focused on measures to boost economic growth, improve the ease of living and the ease of doing business, and assess the potential impact of the ongoing West Asia conflict on India and the global economy.
PM Modi and Economic Advisory Council discuss India’s economic growth
During the meeting, PM Modi and members of the Economic Advisory Council discussed several ideas and measures to further support India’s economic growth despite global challenges.
The discussions focused on maintaining growth momentum and strengthening the economy amid uncertainty in global markets.
Reforms to improve ease of living and ease of doing business
The meeting also focused on reforms that could improve the ease of living for citizens and make it easier for businesses to operate in the country.
Members discussed ways to simplify processes, improve services and create a more business-friendly environment. The council also shared its views on how the West Asia conflict could affect India and the global economy.
Global uncertainty and West Asia conflict remain key concerns
The meeting comes at a time when many countries are facing challenges due to geopolitical tensions, trade uncertainties and uneven economic growth.
Members of the Economic Advisory Council assessed the possible impact of the ongoing West Asia conflict on India, global trade and economic stability.
PM Modi’s seven appeals to strengthen economic resilience
Last month, PM Modi made seven appeals to citizens to help strengthen India’s economic resilience amid the West Asia conflict. He urged people to reduce dependence on imported fuel and adopt more environmentally friendly alternatives.
The Prime Minister encouraged citizens to work from home whenever possible, reduce fuel consumption, avoid foreign travel for a year, buy Swadeshi products, cut down on cooking oil use, adopt natural farming practices and reduce gold purchases.
PM Modi urges reduced fuel consumption and greater use of public transport
To deal with fluctuations in fuel prices, PM Modi also called for changes in transportation habits.
He asked people to use metro services and public transport wherever available, choose carpooling when private vehicles are needed, prefer railways for transporting goods and increase the use of electric vehicles.
The Prime Minister said such steps could help reduce fuel consumption and lower dependence on imported energy.
India’s GDP growth beats expectations in Q4 FY26
Meanwhile, India’s economy outperformed market expectations in the fourth quarter of the financial year 2025-26.
According to official data released on June 5, the country’s real Gross Domestic Product (GDP) is estimated to have grown by 7.8 per cent year-on-year during the quarter, while full-year growth is estimated at 7.7 per cent.
Real GDP rises to Rs 87.77 lakh crore in fourth quarter
Real GDP at constant prices is estimated at Rs 87.77 lakh crore in the fourth quarter of FY26, compared to Rs 81.40 lakh crore in the same period of the previous financial year.
Nominal GDP for the quarter is estimated at Rs 94.65 lakh crore, registering a growth of 9.1 per cent.
India’s economy records 7.7 per cent growth in FY26
For the full financial year 2025-26, real GDP is estimated at Rs 323.12 lakh crore, up from the First Revised Estimate of Rs 299.89 lakh crore in FY25. This reflects an annual growth rate of 7.7 per cent.
Nominal GDP for the full year is estimated at Rs 346.36 lakh crore, marking a growth of 8.9 per cent compared to the previous financial year.
The latest figures underline the strength of India’s economy even as many countries continue to face global economic challenges.
