Narendra Modi on Saturday chaired a meeting with members of the PM-Economic Advisory Council to discuss strategies for strengthening India’s economy amid ongoing global uncertainty. The discussions focused on measures to sustain economic growth, improve ease of living and enhance the ease of doing business in the country. Council members also shared their views on the impact of the West Asia conflict on India and the global economy.

The meeting took place as economies worldwide continue to face geopolitical tensions, trade-related challenges and uneven growth patterns. Last month, Modi appealed to citizens to support economic resilience by lowering dependence on imported fuel and embracing environmentally sustainable practices in light of the West Asia crisis.

He encouraged people to work from home where possible, reduce fuel consumption, avoid foreign travel for a year, use Swadeshi products, cut down on cooking oil usage, adopt natural farming methods and limit gold purchases. To reduce the impact of fluctuating fuel prices, he also urged citizens to use public transport such as metros, opt for carpooling, prefer railways for transporting goods and increase the adoption of electric vehicles.

India’s economy surpassed market expectations in the fourth quarter of FY 2025-26. Official data released on June 5 showed that real GDP grew by 7.8 per cent year-on-year during the quarter, while full-year growth was estimated at 7.7 per cent. Real GDP at constant prices stood at Rs 87.77 lakh crore in Q4 FY26, compared to Rs 81.40 lakh crore in the same quarter last year. Nominal GDP for the quarter reached Rs 94.65 lakh crore, marking a growth of 9.1 per cent.

For the entire financial year 2025-26, real GDP is estimated at Rs 323.12 lakh crore, up from Rs 299.89 lakh crore in FY25. Nominal GDP is projected at Rs 346.36 lakh crore, reflecting an annual increase of 8.9 per cent. Gross Value Added (GVA), another major indicator of economic performance, is estimated to rise 7.9 per cent in FY26, while nominal GVA is expected to grow 9.1 per cent. In Q4, real GVA growth stood at 7.9 per cent and nominal GVA increased by 9.9 per cent.

The data highlighted that the secondary and tertiary sectors continued to lead economic growth. During FY26, the secondary sector is projected to grow by 8.8 per cent and the tertiary sector by 9.3 per cent at constant prices. The primary sector expanded by 3.2 per cent, largely supported by agriculture and fisheries.