India has once again demonstrated economic resilience and growth potential, with Prime Minister Narendra Modi announcing that the country recorded a 7.8% GDP growth rate in the first quarter of FY2025. The announcement was made during his address at the Semicon India 2025 Conference in New Delhi, a platform dedicated to positioning India at the heart of the global semiconductor ecosystem.

PM Modi emphasized that this achievement came despite global uncertainties and “challenges arising from economic selfishness.” While he did not explicitly name any country, the remark was seen as an indirect reference to tariff-related measures imposed by the US under President Donald Trump, which have impacted Indian exports.

Economic Growth in a Turbulent World

The Prime Minister highlighted that at a time when many economies around the world are facing slowdowns, trade disruptions, and inflationary pressures, India has been able to outperform expectations. The 7.8% growth rate in the first quarter is among the highest globally, making India one of the fastest-growing large economies.

He reiterated that this growth is the result of structural reforms, digitalization, strong domestic demand, and government policies that focus on inclusive and sustainable growth. According to PM Modi, India’s performance is not just an economic statistic, but a reflection of the confidence the world has in India’s future.

Focus on the Semiconductor Sector

A major highlight of the event was PM Modi’s emphasis on semiconductors. He pointed out that India is emerging as a trusted partner in the global semiconductor value chain. He also underlined that the world is looking to India as a reliable, sustainable, and innovative hub for future chip manufacturing.

PM Modi said, “That day is not far when the world will proudly say: Designed in India, Made in India, and Trusted by the World.”

India has made rapid progress since the launch of the Semicon India programme in 2021. By 2023, the country approved its first semiconductor plant. In 2024, additional plants received the green light, and in 2025, five more projects were cleared. Cumulatively, ten semiconductor projects worth more than Rs 1.5 lakh crore are currently underway.

The First Made-in-India Chip

In a symbolic and historic moment, Union IT Minister Ashwini Vaishnaw presented India’s first indigenously developed chip to PM Modi. The presentation included the Vikram 32-bit processor along with test chips from four approved projects. This milestone signifies India’s entry into the global semiconductor race and strengthens its position as a technology-driven economy.

The Semicon India 2025 Conference is designed to accelerate India’s journey towards becoming a semiconductor powerhouse. The three-day event will focus on resilient supply chains, sustainable manufacturing, global collaborations, and domestic innovation.

Policy Reforms for Ease of Business

PM Modi also highlighted India’s progress in ease of doing business, particularly through the implementation of the National Single Window System (NSWS). This platform has made it possible for businesses and investors to obtain all approvals—both at the central and state levels—through a single digital window.

He noted that this reform has reduced paperwork significantly, making India a more business-friendly investment destination. According to him, India is now recognized as a country that combines scale, skill, and speed, and global investors are showing record confidence in its growth story.

Strategic Positioning in the Global Economy

India’s push in the semiconductor sector is not only about technology and business but also about geopolitical strategy. As supply chain disruptions in recent years highlighted the risks of overdependence on a few countries, global tech companies are seeking diversification. India’s large talent pool, policy support, and cost advantages make it an attractive alternative.

By focusing on semiconductors, India aims to strengthen its role in critical and emerging technologies, including AI, IoT, 5G, and automotive electronics. This positions the country not just as a manufacturing hub, but also as an innovation leader.

Global Recognition of India’s Efforts

The conference brought together leaders from technology companies, research institutions, policymakers, and global investors. Their presence underscored India’s growing importance in shaping the future of semiconductors.

The announcement of the 7.8% GDP growth rate and the unveiling of the first Indian-made semiconductor chip provided a strong signal to the world that India is ready to take on global challenges with confidence and innovation.

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