Since 1991, the nation has moved towards a market-based system. The policy change in 1991 came after an acute balance of payments crisis, and the emphasis since then has been to use foreign trade and foreign investment as integral parts of India's economy.
India's GDP is US$1.237 trillion, which makes it the twelfth-largest economy in the world] or fourth largest by purchasing power adjusted exchange rates. India's nominal per capita income US$1,068 is ranked 128th in the world. In the late 2000s, India's economic growth has averaged 7½% a year, which will double the average income in a decade.
So as we can see India is not that poor country that we see every were, India is an economic growing country that probably will became some of the most powerful countries in the world, this probably will occur in some years.