{"id":171097,"date":"2025-08-24T06:53:17","date_gmt":"2025-08-24T06:53:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/171097\/"},"modified":"2025-08-24T06:53:17","modified_gmt":"2025-08-24T06:53:17","slug":"by-year-end-first-made-in-india-chip-will-be-out-in-the-market-says-pm-modi-top-quotes-india-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/171097\/","title":{"rendered":"By year-end, first Made in India chip will be out in the market, says PM Modi &#8211; top quotes | India News"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/123473787.jpg\" title=\"PM Modi\u2019s Big Message To Trump: India Shapes Global Flows, Doesn\u2019t Play With Stagnant Waters\" imgsize=\"23456\" resizemode=\"4\" offsetvertical=\"0\" placeholdersrc=\"\" placeholdermsid=\"\" msid=\"\" type=\"thumb\" alt=\"PM Modi\u2019s Big Message To Trump: India Shapes Global Flows, Doesn\u2019t Play With Stagnant Waters\" class=\"undefined\"\/><\/p>\n<p>Prime Minister Narendra Modi<\/p>\n<p> NEW DELHI: Prime Minister <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/narendra-modi\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" target=\"_blank\" rel=\"noopener\">Narendra Modi<\/a> on Saturday said India is poised to play a defining role in shaping the global economy, with experts projecting its contribution to reach 20% in the coming years. He was speaking at the ET World Leaders Forum 2025 in New Delhi. Highlighting the foundation of India\u2019s growth story, the Prime Minister credited the country\u2019s macroeconomic stability over the past decade. \u201cThe macroeconomic stability of the last ten years is behind today\u2019s growth and resilience,\u201d he said. PM Modi underlined that despite the shocks of the Covid-19 pandemic, India has managed to maintain strong fundamentals. \u201cOur fiscal deficit is predicted to come down to 4.4%, that too after the setbacks of Covid,\u201d he said, adding that the economy has shown remarkable recovery. PM also said India is moving with the goal of a \u201cquantum jump\u201d rather than incremental change, highlighting the country\u2019s rapid strides in space and defence. He noted that India completed over 60 space missions in the last 11 years, achieved space docking capability this year, and is preparing for the Gaganyaan mission, which will send Indian astronauts into space. The Prime Minister also pointed to strengthened banking systems, low inflation, reduced interest rates, and a current account deficit under control as signs of resilience and confidence in India\u2019s economic trajectory.Here are his key quotes from the address:On reforms and growth<\/p>\n<ul>\n<li>\u201cLast week, from Red Fort, I spoke of next-gen reforms. Now, this forum is working as the multiplier of these incoming reforms.\u201d<\/li>\n<li>\u201cToday, India is the fastest growing major economy in the world. Soon, we will become the third-largest economy of the world. We will be the world\u2019s third-largest economy.\u201d<\/li>\n<li>\u201cExperts say, India\u2019s contribution to global growth will account for 20%.\u201d<\/li>\n<li>\u201cWe are moving ahead with the goal of a quantum jump, not just incremental change.\u201d<\/li>\n<\/ul>\n<p>On macroeconomic stability<\/p>\n<ul>\n<li>\u201cThe growth and resilience that we see in the Indian economy today is due to macro stability.\u201d<\/li>\n<li>\u201cOur fiscal deficit is predicted to come down to 4.4%, that too after we suffered due to Covid.\u201d<\/li>\n<li>\u201cOur banks are stronger than before, inflation is low, interest rates are less, the current account deficit is under control, and forex reserves are strong.\u201d<\/li>\n<li>\u201cEvery month, several domestic investors are investing heavily through SIPs.\u201d<\/li>\n<li>\u201cWhen economic fundamentals are strong, the foundation is strong, the impact is also strong.\u201d<\/li>\n<li>\u201cIn the past one week, everything that has happened is a befitting testament to India\u2019s growth story.\u201d<\/li>\n<\/ul>\n<p>On technology and semiconductors<\/p>\n<ul>\n<li>\u201cSemiconductor-related factories have started coming up in India. By the end of this year, the first Made in India chip will come in the market.\u201d<\/li>\n<li>\u201cWe are working rapidly on Made in India 6G.\u201d<\/li>\n<\/ul>\n<p>On space ambitions<\/p>\n<ul>\n<li>\u201cWe\u2019ve opened India\u2019s space sector to private companies.\u201d<\/li>\n<li>\u201cIn the years to come, several space missions are scheduled to be launched.\u201d<\/li>\n<li>\u201cToday, India is home to more than 300 space startups, up from 1 such startup in 2014.\u201d<\/li>\n<li>\u201cThe day is not far when we will have our own space station. Soon, India will have its own space station.\u201d<\/li>\n<li>\u201cYou will be happy to know that in the last 11 years, more than 60 space missions have been completed. There are many missions lined up. This year, we have also achieved the capability of space docking. This is a big achievement for our future missions.\u201d<\/li>\n<\/ul>\n<p>On Gaganyaan mission<\/p>\n<ul>\n<li>\u201cNow India is preparing to send its astronauts to space through the Gaganyaan mission, and in this, we are going to get a lot of help from the experience of Group Captain Shubhanshu Shukla.\u201d<\/li>\n<\/ul>\n<p>On Tax and GST reforms<\/p>\n<ul>\n<li>\u201cWe\u2019ve brought reforms in the Income Tax bill after 60 years. This has been prepared in simple language for India\u2019s common man.\u201d<\/li>\n<li>\u201cBy this Diwali, GST reforms will be completed. This will make the GST simple.\u201d<\/li>\n<\/ul>\n<p>On economy, industry and jobs<\/p>\n<ul>\n<li>\u201cManufacturing will rise, demand will increase, ease of living and doing business will improve.\u201d<\/li>\n<li>\u201cThis will energise the industry, ease of doing business will improve and new employments will be generated.\u201d<\/li>\n<\/ul>\n<p>On Vision for 2047<\/p>\n<ul>\n<li>\u201cThe basis of 2047 Viksit Bharat dream is Aatmanirbhar Bharat.\u201d<\/li>\n<li>\u201cIndia is ready for Aatmanirbharta as a Viksit Bharat.\u201d<\/li>\n<\/ul>\n<p>On defence production<\/p>\n<ul>\n<li>\u201cBetween 1979 and 2014, India produced only 42 missiles in 35 years, while in the past 11 years it has produced 60 missiles.\u201d<\/li>\n<\/ul>\n<p>On reforms impact<\/p>\n<ul>\n<li>\u201cThe new generation reforms will help lower prices, boost market demand, create jobs, and improve both ease of living and ease of doing business.\u201d<\/li>\n<\/ul>\n<p>On Covid-19 vaccines<\/p>\n<ul>\n<li>\u201cOf the 800 crore Covid vaccines produced globally, 400 crore were made in India.\u201d<\/li>\n<\/ul>\n<p>On electric vehicles<\/p>\n<ul>\n<li>\u201cIndia is going to export EVs to 100 nations.\u201d <\/li>\n<\/ul>\n<p>On research and development<\/p>\n<ul>\n<li>\u201cWe need urgency in research built.\u201d<\/li>\n<li>\u201cWe\u2019ve worked to amplify research and development in the country.\u201d<\/li>\n<li>\u201cIndustry and private companies should come forward for quantum tech, biotech and other sectors that need more R&amp;D to enhance the vision of a Viksit Bharat.\u201d<\/li>\n<\/ul>\n<p>On clean energy and global growth<\/p>\n<ul>\n<li>\u201cTime demands private sector in clean energy, quantum and battery storage. The reform, perform and transform mantra of India will bring India out of slow pace.\u201d<\/li>\n<li>\u201cIndia can take the world out of slowing growth.\u201d <\/li>\n<li>\u201cWe are the ones to change the direction of the waves.\u201d<\/li>\n<\/ul>\n<p>PM Modi on reforms in Monsoon Session<\/p>\n<ul>\n<li>\u201cThe monsoon session of the Parliament has just ended. In this monsoon session, you will see the continuity of reform. Despite many disruptions created by the opposition, we have been engaged in reform with full commitment.\u201d<\/li>\n<li>\u201cIn this monsoon session, Jan Vishwas Bill 2.0 has been passed. This is a major reform related to trust-based governance and pro-people governance.\u201d<\/li>\n<\/ul>\n<p>PM Modi on mining, shipping and ports<\/p>\n<ul>\n<li>\u201cIn this monsoon session, many amendments have been made in the laws related to mining.\u201d<\/li>\n<li>\u201cLaws related to shipping and ports have also been changed. These laws were also in place since the British era.\u201d<\/li>\n<li>\u201cThe reforms that have been done now will promote port-led development in India&#8217;s blue economy.\u201d<\/li>\n<\/ul>\n<p>PM Modi on sports policy and economy<\/p>\n<ul>\n<li>\u201cSimilarly, new reforms have been done in the sports sector as well. We are preparing India for big events.\u201d<\/li>\n<li>\u201cWe are building the entire eco-system of sports economy, hence the government has also come up with a new National Sports Policy.\u201d<\/li>\n<\/ul>\n<p>Other key voices at the forumAhead of the Prime Minister\u2019s address, Union minister Piyush Goyal underscored India\u2019s economic strength, calling it \u201cthe world\u2019s fastest-growing economy, full of possibilities and resilience.\u201d He stressed that India negotiates trade deals with a \u201cclear vision to protect national interests\u201d while working with global partners on the basis of mutual respect.On the global stage, former US secretary of state John Kerry described the current era as \u201cdangerous but also momentous,\u201d while praising India\u2019s role in navigating its development trajectory. \u201cWe need to recognise and honour the impact of Indians in the US,\u201d he said, noting that the world still lacks clear rules on artificial intelligence.Shashi Tharoor, Congress MP, cautioned against being \u201coblivious about China,\u201d citing Beijing\u2019s deliberate economic decisions, while External Affairs Minister S Jaishankar reminded that \u201cthe overall trend [in India\u2019s global ties] has been net positive,\u201d even though challenges with major powers continue.Defence minister Rajnath Singh reiterated India\u2019s focus on self-reliance in defence, noting that 75% of the defence budget is now earmarked for procurement from domestic companies.The forum also featured insights from business leaders and state heads. Andhra Pradesh CM Chandrababu Naidu said \u201cthe power of India cannot be stopped,\u201d while tech leader Vishal Sikka highlighted AI\u2019s transformative potential for businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Narendra Modi NEW DELHI: Prime Minister Narendra Modi on Saturday said India is poised to play&hellip;\n","protected":false},"author":3,"featured_media":171098,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[97787,104,64,97788,79,97784,4677,1567,50186,97786,4674,4675,19720,97785,97789,4676,67,132,68],"class_list":{"0":"post-171097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-artificial-intelligence-global-rules","9":"tag-breaking-news","10":"tag-business","11":"tag-domestic-defence-industry-in-india","12":"tag-economy","13":"tag-et-world-leaders-forum-2025","14":"tag-google-news","15":"tag-india","16":"tag-india-china-relations","17":"tag-india-economic-strength","18":"tag-india-news","19":"tag-india-news-today","20":"tag-narendra-modi","21":"tag-narendra-modi-keynote-address","22":"tag-rajnath-singh-defence-budget","23":"tag-today-news","24":"tag-united-states","25":"tag-unitedstates","26":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115082428876454046","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/171097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=171097"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/171097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/171098"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=171097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=171097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=171097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}