Amit Shah Hails $700 Billion Forex Reserves, Says India Ready To Export Semiconductors

At the Abhyudaya Madhya Pradesh Growth Summit in Gwalior, Union Home Minister Amit Shah highlighted India’s rapid economic and technological progress under the Modi government. Shah said India’s foreign exchange reserves have crossed a record 700 billion dollars, reflecting strong macroeconomic fundamentals. He announced India’s “spectacular entry” into the semiconductor sector, expressing confidence that the country will soon achieve self-reliance and begin exporting chips. Emphasising the impact of Digital India, Shah noted that internet users have grown from just seven crore when Prime Minister Narendra Modi took office to over 101 crore by September 2025, calling it the fastest digital expansion globally.