The Economic Times

PM Modi recalls 2013 when India was among Fragile Five economies amid weak growth

Reflecting on India's economic journey, Prime Minister Narendra Modi brought attention to 2013, a year when the nation faced the bleak 'Fragile Five' label. Weak GDP figures, sky-high inflation, and an unprecedented current account deficit overshadowed the landscape. Widespread corruption, along with security challenges and stagnant policy measures, complicated matters. He proudly contrasted these struggles with today's vibrant economic growth, highlighting the progress achieved.