Averaging an economic growth rate of 7.5% for several years prior to 2007, India has more than doubled its hourly wage rates during the first decade of the 21st century. Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. Though ranking 51st in global competitiveness, as of 2010, India ranks 17th in financial market sophistication, 24th in the banking sector, 44th in business sophistication, and 39th in innovation, ahead of several advanced economies. With seven of the world's top 15 information technology outsourcing companies based in India, as of 2009, the country is viewed as the second-most favourable outsourcing destination after the United States. India's consumer market, the world's eleventh-largest, is expected to become fifth-largest by 2030.
China's nuclear test of 1964, as well as its repeated threats to intervene in support of Pakistan in the 1965 war, convinced India to develop nuclear weapons. India conducted its first nuclear weapons test in 1974 and carried out additional underground testing in 1998. Despite criticism and military sanctions, India has signed neither the Comprehensive Nuclear-Test-Ban Treaty nor the Nuclear Non-Proliferation Treaty, considering both to be flawed and discriminatory. India maintains a "no first use" nuclear policy and is developing a nuclear triad capability as a part of its "Minimum Credible Deterrence" doctrine. It is developing a ballistic missile defence shield and, a fifth-generation fighter jet. Other indigenous military projects involve the design and implementation of Vikrant-class aircraft carriers and Arihant-class nuclear submarines.
More InfoIn the Republic of India's first three general elections, in 1951, 1957, and 1962, the Jawaharlal Nehru-led Congress won easy victories. On Nehru's death in 1964, Lal Bahadur Shastri briefly became prime minister; he was succeeded, after his own unexpected death in 1966, by Nehru's daughter Indira Gandhi, who went on to lead the Congress to election victories in 1967 and 1971. Following public discontent with the state of emergency she declared in 1975, the Congress was voted out of power in 1977; the then-new Janata Party, which had opposed the emergency, was voted in. Its government lasted just over two years. Voted back into power in 1980, the Congress saw a change in leadership in 1984, when Indira Gandhi was assassinated; she was succeeded by her son Rajiv Gandhi, who won an easy victory in the general elections later that year. The Congress was voted out again in 1989 when a National Front coalition, led by the newly formed Janata Dal in alliance with the Left Front, won the elections; that government too proved relatively short-lived, lasting just under two years. Elections were held again in 1991; no party won an absolute majority. The Congress, as the largest single party, was able to form a minority government led by P. V. Narasimha Rao.
More InfoHistorians consider India's modern age to have begun sometime between 1848 and 1885. The appointment in 1848 of Lord Dalhousie as Governor General of the East India Company set the stage for changes essential to a modern state. These included the consolidation and demarcation of sovereignty, the surveillance of the population, and the education of citizens. Technological changes—among them, railways, canals, and the telegraph—were introduced not long after their introduction in Europe. However, disaffection with the company also grew during this time and set off the Indian Rebellion of 1857. Fed by diverse resentments and perceptions, including invasive British-style social reforms, harsh land taxes, and summary treatment of some rich landowners and princes, the rebellion rocked many regions of northern and central India and shook the foundations of Company rule. Although the rebellion was suppressed by 1858, it led to the dissolution of the East India Company and the direct administration of India by the British government. Proclaiming a unitary state and a gradual but limited British-style parliamentary system, the new rulers also protected princes and landed gentry as a feudal safeguard against future unrest. In the decades following, public life gradually emerged all over India, leading eventually to the founding of the Indian National Congress in 1885.
More InfoIn the 1950s, India strongly supported decolonisation in Africa and Asia and played a leading role in the Non-Aligned Movement. After initially cordial relations with neighbouring China, India went to war with China in 1962, and was widely thought to have been humiliated. India has had tense relations with neighbouring Pakistan; the two nations have gone to war four times: in 1947, 1965, 1971, and 1999. Three of these wars were fought over the disputed territory of Kashmir, while the fourth, the 1971 war, followed from India's support for the independence of Bangladesh. In the late 1980s, the Indian military twice intervened abroad at the invitation of the host country: a peace-keeping operation in Sri Lanka between 1987 and 1990; and an armed intervention to prevent a 1988 coup d'état attempt in the Maldives. After the 1965 war with Pakistan, India began to pursue close military and economic ties with the Soviet Union; by the late 1960s, the Soviet Union was its largest arms supplier.
More InfoIn the 1950s, India strongly supported decolonisation in Africa and Asia and played a leading role in the Non-Aligned Movement. After initially cordial relations with neighbouring China, India went to war with China in 1962, and was widely thought to have been humiliated. India has had tense relations with neighbouring Pakistan; the two nations have gone to war four times: in 1947, 1965, 1971, and 1999. Three of these wars were fought over the disputed territory of Kashmir, while the fourth, the 1971 war, followed from India's support for the independence of Bangladesh. In the late 1980s, the Indian military twice intervened abroad at the invitation of the host country: a peace-keeping operation in Sri Lanka between 1987 and 1990; and an armed intervention to prevent a 1988 coup d'état attempt in the Maldives. After the 1965 war with Pakistan, India began to pursue close military and economic ties with the Soviet Union; by the late 1960s, the Soviet Union was its largest arms supplier.
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