PM Modi, Economic Advisory Council discuss measures to accelerate India's economic growth amid West Asia war
Participants reportedly reviewed potential reforms and strategies to strengthen the economy.Prime Minister Narendra Modi chairs a meeting with the members of the Economic Advisory Council (EAC) to the prime minister, in New Delhi. (PMO via PTI Photo) (PMO)Prime Minister Narendra Modi chaired a meeting on Saturday with members of the PM Economic Advisory Council amid Iran war. The discussion centered on ideas and policy steps to strengthen India’s economic growth amid global instability, according to an ANI report. Participants also reviewed potential reforms aimed at improving both ease of living and ease of doing business in the country.The members provided their views on the effects of the West Asia war on India and the wider global economy. The meeting took place against a backdrop of continuing geopolitical tensions, trade uncertainty, and uneven economic growth worldwide.PM Modi's austerity appealPM Modi last month appealed to citizens to support the country’s economic stability by lowering reliance on imported fuel and embracing more sustainable practices, particularly in the context of the West Asia war.He encouraged people to adopt work-from-home arrangements where feasible, reduce fuel usage, avoid international travel for a year, promote Swadeshi goods, cut down on edible oil consumption, shift towards natural farming practices, and limit purchases of gold.To help manage fluctuations in fuel prices, he also advocated changes in transportation habits. He called on citizens to use public transport such as metros more frequently, share private vehicles through carpooling when necessary, rely on railways for freight movement, and progressively adopt electric vehicles to reduce dependence on petrol and diesel.India's economyIndia’s economy exceeded market expectations in the fourth quarter of FY 2025–26, with real GDP expected to expand by 7.8% year-on-year. For the full fiscal year, growth is projected at 7.7%, according to official data released on June 5, the report noted.At constant prices, real GDP for Q4 FY26 is estimated at
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