• By Soumyaroop Mukherjee
  • Tue, 02 Sep 2025 12:40 PM (IST)
  • Source:JND
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Semicon India Conference 2025: Prime Minister Narendra Modi on Tuesday hailed India’s economic growth and said that the GDP during the first quarter "performed beyond every expectation and estimate", despite the challenges that have been generated from the ‘economic selfishness’. The comments, seen as an apparent swipe at US President Donald Trump’s tariff on Indian goods, came a day after PM Modi returned from the high-stakes SCO Summit in China.

Speaking at the Semicon India Conference, PM Modi remarked, "India achieved 7.8 per cent growth at a time when there are economic concerns around the world and challenges arising from economic selfishness."

According to GDP data released by the government on Friday, India's GDP grew by 7.8 per cent, exceeding the estimated 6.5 per cent. The figure is also 1.3 percentage points higher than in the same timeframe last year. PM Modi further said that the growth that India has achieved is spread evenly across sectors (rather than focusing on any one sector). 

"This growth is visible across all sectors. With this momentum, we are well on our way to becoming the world's third-largest economy," PM Modi added.

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Designed In India, Made In India, and Trusted by World: PM Modi

Inaugurating the fourth edition of the 'Semicon India', PM Modi delivered a strong message that the world trusts India and is ready to build the semiconductor future with India.

"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 said, assuring the investors that there will be long-term commitments rather than short-term policies.

“We will take care of every need of yours. The day is not far when people will give due cognisance to design in India, made in India,” he said. 

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Outlining India’s journey in the semiconductor industry, PM 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."