Yes # The fastest growing economy in the world.
Recently conducted study by the renowned Economist Intelligence Unit comcludes that by 2020
# World consumer spending in India is set to grow from 1.9% in 2005 to 3.1%.
# India will contribute as much as 8.8% to the global GDP.
# India alone will account for 30% in the global net employment growth with 142 million new jobs.
No # A McKinsey report shows, that only 15% of the Indian have the quality of students from the west.
# High Corruption, bad governance.
# Lack of jobs for ordinary people.
# 47 percent of Indian children under the age of five are either malnourished or stunted.
# The adult literacy rate is 61 percent (behind Rwanda and barely ahead of Sudan).
# It takes between 5 to 15 years for a case to be decided in an Indian court.
Can India become a superpower?
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