India has hosted or co-hosted several international sporting events: the 1951 and 1982 Asian Games; the 1987, 1996, and 2011 Cricket World Cup tournaments; the 2003 Afro-Asian Games; the 2006 ICC Champions Trophy; the 2010 Hockey World Cup; the 2010 Commonwealth Games; and the 2017 FIFA U-17 World Cup. Major international sporting events held annually in India include the Chennai Open, the Mumbai Marathon, the Delhi Half Marathon, and the Indian Masters. The first Formula 1 Indian Grand Prix featured in late 2011 but has been discontinued from the F1 season calendar since 2014. India has traditionally been the dominant country at the South Asian Games. An example of this dominance is the basketball competition where the Indian team won three out of four tournaments to date.
Traditional Indian society is sometimes defined by social hierarchy. The Indian caste system embodies much of the social stratification and many of the social restrictions found in the Indian subcontinent. Social classes are defined by thousands of endogamous hereditary groups, often termed as jātis, or "castes". India declared untouchability to be illegal in 1947 and has since enacted other anti-discriminatory laws and social welfare initiatives. At the workplace in urban India, and in international or leading Indian companies, caste-related identification has pretty much lost its importance.
More InfoTelevision broadcasting began in India in 1959 as a state-run medium of communication and expanded slowly for more than two decades. The state monopoly on television broadcast ended in the 1990s. Since then, satellite channels have increasingly shaped the popular culture of Indian society. Today, television is the most penetrative media in India; industry estimates indicate that as of 2012 there are over 554 million TV consumers, 462 million with satellite or cable connections compared to other forms of mass media such as the press (350 million), radio (156 million) or internet (37 million).
More InfoAveraging 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.
More InfoAccording 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.
More InfoDespite economic growth during recent decades, India continues to face socio-economic challenges. In 2006, India contained the largest number of people living below the World Bank's international poverty line of US$1.25 per day. The proportion decreased from 60% in 1981 to 42% in 2005. Under the World Bank's later revised poverty line, it was 21% in 2011. 30.7% of India's children under the age of five are underweight. According to a Food and Agriculture Organization report in 2015, 15% of the population is undernourished. The Mid-Day Meal Scheme attempts to lower these rates.
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