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Home>>India>>PM Modi Says GDP Grew 7.8% Despite ‘Challenges Arising From Economic Selfishness’
India

PM Modi Says GDP Grew 7.8% Despite ‘Challenges Arising From Economic Selfishness’

international media news
September 3, 2025 49 Views0

Prime Minister Narendra Modi inaugurated Semicon India 2025 at Yashobhoomi, New Delhi. The event aims to empower and accelerate the semiconductor sector in the country. The three-day conference (September 2 to 4) focuses on the development of a sustainable, robust and resilient semiconductor sector.

Addressing at the event, PM Modi said. “Last night, I returned to India after concluding my visits to Japan and China. Are you all clapping because I went there or because I returned?”

Prime Minister Narendra Modi said, “The world trusts India. The world believes in India. The world is ready to build the semiconductor future with India”

Referring to India’s GDP growth of 7.8 per cent in the first quarter of FY 2025-26, PM Modi said that the country has performed better than every expectation and prediction even when every economy was facing challenges “stemming from economic selfishness.”

“The GDP numbers of the first quarter of this year has come out recently, India has once again perfomed better than every expectation and prediction. When every economy have concerns, facing challenges stemmed from economic selfishness, even in those times India has achieved a 7.8 per cent growth. This growth is in every sector,” PM Modi said.

At Semicon India 2025, Prime Minister Narendra Modi said, “In the year 2021, we started the Semicon India program. By the year 2023, India’s first semiconductor plant was approved. In 2024, we approved additional plants. In 2025, we cleared five additional projects. Overall, an investment of more than Rs 1.5 lakh crore is being made in ten semiconductor projects. This shows the world’s growing trust in India…We have implemented the National Single Window System. Through this, all the approvals from the Centre and the states are being received on a single platform. As a result, our investors are now freed from a significant amount of paperwork…”

PM Modi said, “We are ready to welcome all the investors…The day is not far when the world will say, Designed in India, Made in India, Trusted by the World…”

PM Modi also mentioned, “India is now moving beyond the backend to become a full-stack semiconductor nation. The day is not far when India’s smallest chip will drive the biggest change in the world. Our journey started late, but nothing can stop us now….”

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