New Delhi: Prime Minister Narendra Modi on Thursday said the unanimous adoption of the New Delhi Declaration at the 2026 BRICS Summit reflected growing international confidence in India.
Speaking at the inauguration of SEMICON India 2026 in New Delhi, Modi said the country’s 7.8% GDP growth in the first quarter and an upgrade in India’s sovereign rating by Japan Credit Rating Agency were also signs of economic confidence. JCR upgraded India’s long-term issuer rating to A-/Stable on September 2.
VIDEO | Delhi: Prime Minister Narendra Modi inaugurates SEMICON India 2026 and says, "India's quarterly GDP report was released in September itself, and even during this challenging period, India achieved 7.8 per cent growth. During the same period, Japan's credit rating agency… pic.twitter.com/i1K8ZXr1f1
— Press Trust of India (@PTI_News) September 17, 2026
The 18th BRICS Summit was held in New Delhi from September 12-13 under India’s chairship. The leaders adopted the New Delhi Declaration, reaffirming cooperation on political and security, economic and financial, and people-to-people issues, along with stronger multilateral cooperation.
Modi also referred to developments in September, including the Global FinTech Fest in Mumbai and the operationalisation of around 3,000 km of the Dedicated Freight Corridor.
The Prime Minister inaugurated the fifth edition of SEMICON India 2026 at Yashobhoomi. The three-day event, being held from September 17-19, focuses on “Silicon to Systems: Building the Ecosystem” and brings together more than 600 companies and participants from 52 countries.
Modi also linked the occasion with Vishwakarma Jayanti and the PM Vishwakarma initiative, highlighting the connection between traditional craftsmanship and modern technology.
