Prime Minister Manmohan Singh noted recently that if present trends continue, India will become the world's third largest economy by 2025.
Most major global corporations have a presence there with substantial expansion plans, and many Indian corporations are expanding their footprints abroad through investment, mergers and acquisitions. India's growing economic weight is being translated into increased political clout.
All the major indicators are trending in the right direction: gross domestic product, literacy, life expectancy, infrastructure, etc.