New Delhi, August 27: Prime Minister Narendra Modi showcased India’s economic strength and technological rise on Tuesday at the inaugural session of Semicon India 2025, declaring that India’s economy remains resilient despite global headwinds and “economic selfishness.”
Amid escalating trade tensions and the 50% tariff imposed by the United States on Indian exports, Modi sent out a strong message: India’s GDP grew 7.8% in the first quarter of FY 2025-26, surpassing estimates and signaling confidence in India’s growth story even in a period of global slowdown.
Modi’s Indirect Attack on US Trade Policies
Without naming the US directly, PM Modi criticized protectionist trade practices, saying:
“When economies around the world are facing challenges due to economic selfishness, India is writing a new story of hope and confidence.”
This was widely seen as an indirect reference to Washington’s steep tariffs on Indian goods, a move that experts say could hurt bilateral trade worth billions of dollars.
Semiconductor: The “Digital Diamond” of the 21st Century
Drawing a parallel between oil in the last century and chips in the present one, Modi said:
“The 20th century was powered by oil — the black gold. The 21st century is being shaped by the semiconductor chip — a digital diamond that will decide the future of growth.”
He emphasized that India is no longer content with being just a backend player but is transforming into a full-stack semiconductor nation, capable of designing, manufacturing, and innovating at a global scale.
Investment Boom in Semicon India
PM Modi highlighted India’s progress under the Semicon India program launched in 2021:
2023: First semiconductor plant approved
2024: Additional projects cleared
2025: Five new schemes sanctioned
So far, ₹1.5 lakh crore has been invested across 10 major projects, reflecting global trust in India’s tech-driven growth.
Ease of Business: Single Window for Investors
Reiterating India’s commitment to reforms, Modi noted the success of the National Single Window System, which allows investors to secure all central and state approvals through one platform. This has reduced delays, cut red tape, and enhanced investor confidence.
“Designed in India, Trusted by the World”
Concluding his address, Modi invited global investors to be part of India’s semiconductor revolution, asserting:
“India’s semiconductor revolution is unstoppable. Soon the world will say — Designed in India, Made in India, Trusted by the World.”
Key Highlights
India’s Q1 GDP growth: 7.8% (FY 2025-26)
Target of PM Modi’s criticism: US tariffs on Indian goods
Semicon India investment: ₹1.5 lakh crore across 10 projects
Vision: India to become a “full-stack semiconductor nation”
Investor reforms: National Single Window System for approvals
