According to a 2011 PricewaterhouseCoopers (PwC) report, India's GDP at purchasing power parity could overtake that of the United States by 2045. During the next four decades, Indian GDP is expected to grow at an annualised average of 8%, making it potentially the world's fastest-growing major economy until 2050. The report highlights key growth factors: a young and rapidly growing working-age population; growth in the manufacturing sector because of rising education and engineering skill levels; and sustained growth of the consumer market driven by a rapidly growing middle-class. The World Bank cautions that, for India to achieve its economic potential, it must continue to focus on public sector reform, transport infrastructure, agricultural and rural development, removal of labour regulations, education, energy security, and public health and nutrition.
The original Indian Plate survives as peninsular India, the oldest and geologically most stable part of India. It extends as far north as the Satpura and Vindhya ranges in central India. These parallel chains run from the Arabian Sea coast in Gujarat in the west to the coal-rich Chota Nagpur Plateau in Jharkhand in the east. To the south, the remaining peninsular landmass, the Deccan Plateau, is flanked on the west and east by coastal ranges known as the Western and Eastern Ghats; the plateau contains the country's oldest rock formations, some over one billion years old. Constituted in such fashion, India lies to the north of the equator between 6° 44′ and 35° 30′ north latitude and 68° 7′ and 97° 25′ east longitude.
More InfoA two-year period of political turmoil followed the general election of 1996. Several short-lived alliances shared power at the centre. The BJP formed a government briefly in 1996; it was followed by two comparatively long-lasting United Front coalitions, which depended on external support. In 1998, the BJP was able to form a successful coalition, the National Democratic Alliance (NDA). Led by Atal Bihari Vajpayee, the NDA became the first non-Congress, coalition government to complete a five-year term. Again in the 2004 Indian general elections, no party won an absolute majority, but the Congress emerged as the largest single party, forming another successful coalition: the United Progressive Alliance (UPA). It had the support of left-leaning parties and MPs who opposed the BJP. The UPA returned to power in the 2009 general election with increased numbers, and it no longer required external support from India's communist parties. That year, Manmohan Singh became the first prime minister since Jawaharlal Nehru in 1957 and 1962 to be re-elected to a consecutive five-year term. In the 2014 general election, the BJP became the first political party since 1984 to win a majority and govern without the support of other parties. The incumbent prime minister is Narendra Modi, a former chief minister of Gujarat. On 20 July 2017, Ram Nath Kovind was elected India's 14th president and took the oath of office on 25 July 2017.
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 InfoA two-year period of political turmoil followed the general election of 1996. Several short-lived alliances shared power at the centre. The BJP formed a government briefly in 1996; it was followed by two comparatively long-lasting United Front coalitions, which depended on external support. In 1998, the BJP was able to form a successful coalition, the National Democratic Alliance (NDA). Led by Atal Bihari Vajpayee, the NDA became the first non-Congress, coalition government to complete a five-year term. Again in the 2004 Indian general elections, no party won an absolute majority, but the Congress emerged as the largest single party, forming another successful coalition: the United Progressive Alliance (UPA). It had the support of left-leaning parties and MPs who opposed the BJP. The UPA returned to power in the 2009 general election with increased numbers, and it no longer required external support from India's communist parties. That year, Manmohan Singh became the first prime minister since Jawaharlal Nehru in 1957 and 1962 to be re-elected to a consecutive five-year term. In the 2014 general election, the BJP became the first political party since 1984 to win a majority and govern without the support of other parties. The incumbent prime minister is Narendra Modi, a former chief minister of Gujarat. On 20 July 2017, Ram Nath Kovind was elected India's 14th president and took the oath of office on 25 July 2017.
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