PM Modi Announces 7.8% Q1 FY27 Growth Amid Global Challenges

Prime Minister Narendra Modi, after inaugurating Semicon India 2026, remarked that despite a challenging global environment, India recorded a strong 7.8 percent growth rate in the first quarter of fiscal year 2027. He linked this performance to the country’s ongoing push for semiconductor self‑sufficiency and to broader economic reforms championed by his government.