India is the world’s largest democracy. With more than a billion people in the country, the population of the country is now four times that of the United States.
India boasts of a rich cultural heritage and is a land of multiple languages and multiple religions. India is considered to be one of the most ethnically diverse countries in the entire world.
The Indian Government system is inspired by the British system and it also has certain influences from the United States and Europe.
Importance of Democracy:
Democracy ensures that the people of India have the freedom to express themselves. It also ensures that there are no restrictions on the press and media. The media plays a proactive role in the country. Also, democracy has ensured that the lower and unprivileged class is not only empowered but also takes part in the elections. The former President of the country, K.R.Narayan, who was a scheduled caste, is a very good example of this.
Emerging Power in the World:
India has the fastest growing economy in the world. India has been constantly achieving a high economic growth rate annually. India’s economic growth rate is just shy of China’s. India is gradually turning out to be a global economic leader. It has been predicted by the global economic experts that India will overtake China to become the country with the highest economic growth rate.
Development of Information Technology:
The information technology and computer software of India has progressed manifold in the last decade. A number of different IT service parks have been set up in India in the cities of Chennai, Bangalore, Noida, Hyderabad, Gurgaon etc. In the last ten years, the number of companies engaged in information technology has increased by 100 percent.
Various foreign companies in the United States and Europe are outsourcing their businesses through India. Millions of profit is being generated each year by the Indian IT companies like Wipro, TCS, Satyam, HCL etc.
Increase in Foreign Exchange and Other Factors:
The Indian exports have doubled in the last couple of years. The foreign exchange reserves have increased to a vast extent and thus giving the country financial strength. The Indian rupee is now competing in the market against the American dollar, the European euro and the pound.
The foreign direct investment in the country is also on the rise with many countries planning to invest in India as a result of its tremendous growth rate. The literacy rate has jumped to over 75 percent and the national per capita income has crossed the 25000 Rs mark. The healthcare facilities, employment opportunities and the quality of education in the country have all increased.
Thus, India has shown a tremendous all-round progress in the last couple of decades. India is no more a mere developing country in the world but is one of the emerging powers in the world.