Prime Minister Narendra Modi, addressing the Semicon India 2025 conference in Delhi on Tuesday, said that the recently released GDP figures once again proved that India — “Bharat” — has surpassed all expectations and estimates, underscoring that nothing can halt the country’s economic momentum.
“The GDP numbers for the first quarter of this year have once again proven that Bharat has performed beyond every expectation and estimate,” the Prime Minister said.
At a time when many global economies are grappling with uncertainty and economic protectionism, India has reported 7.8% growth, he noted. “This growth is broad-based, visible across all sectors, and brings renewed enthusiasm to our citizens. With this momentum, we are well on our way to becoming the world’s third-largest economy,” he added.
The remarks come despite mounting trade pressures, including the 50% tariffs imposed by the Trump administration on Indian goods — a combination of 25% reciprocal tariffs and an additional 25% levy on India’s purchase of Russian oil. The growth figures also directly counter Trump’s recent dismissal of India as a “dead economy.”
India’s Semiconductor Ambition
Inaugurating the Semicon India 2025 summit at Yashobhoomi, Delhi, PM Modi emphasized India’s emergence as a trusted global partner in the semiconductor sector.
“The world trusts India. The world believes in India. The world is ready to build the semiconductor future with India,” he said.
Drawing a parallel with the past century’s oil-driven economy, the Prime Minister remarked, “In the semiconductor world, oil was black gold, but chips are digital diamonds. The 21st century is powered not by oil but by the chip — the force accelerating global development.”
Modi highlighted India’s rapid progress since the launch of the Semicon India Programme in 2021. By 2023, the first semiconductor plant was approved; in 2024, more plants were cleared; and in 2025, five additional projects received the green light.
“Overall, more than ₹1.5 lakh crore is being invested across 10 semiconductor projects, reflecting the world’s growing trust in India,” he said.
He also underlined reforms such as the National Single Window System, which streamlines central and state-level approvals onto a single platform, reducing red tape for investors.
“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 world’s biggest change. Our journey started late, but nothing can stop us now,” PM Modi concluded.
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