India's GDP grows 7.8%, but Modi urges restraint on gold and foreign travel

Prime Minister Narendra Modi appealed to citizens to reduce gold purchases and foreign travel spending, linking domestic consumption patterns to India's ambition of becoming a developed economy by 2047. The appeal was made on September 1 through a video posted from the Shanghai Cooperation Organisation summit in Bishkek.

Modi's remarks come as India's GDP growth stands at 7.8%, indicating strong economic momentum. The PM framed individual spending choices as connected to broader national economic goals, suggesting that redirecting expenditure away from gold and overseas travel could support the country's development trajectory.