Brief by Shorts91 Newsdesk / 06:11am on 02 Sep 2025,Tuesday India
Prime Minister Narendra Modi celebrated India's 7.8% Q1 GDP growth, calling it proof that "Bharat has performed beyond every expectation and estimate" despite global economic challenges. Speaking at Semicon India 2025 inauguration, Modi criticized worldwide "economic selfishness" while highlighting India's broad-based growth across all sectors. He expressed confidence in achieving third-largest economy status and emphasized semiconductor sector progress, describing chips as "digital diamonds" compared to oil's "black gold." Modi outlined India's semiconductor journey from 2021 program launch to five additional projects cleared in 2025. The remarks came after his Japan-China visits, with Trump administration simultaneously proposing 200% tariffs on imported medicines, potentially affecting India's pharmaceutical exports worth billions.
