India an unnatural nation, it has been proved and accepted at various fronts either national or international, any country around the world do not has a society so large, so diverse, so disperse and so fragmented been constituted under a single political roof. One cannot forget what had happened at the Economic level in the first 30 years, after Independence, when economy was growing at 3.5 percent. Even at that time the growth rate was always been a source of criticism, however, the population was growing at the rate of 2.5 percent, which has left India with no solution how to uplift the standard of the living of the people.

Nearly after 43 years of Independence the changes in the policy in 1991 were introduced, this has set the path for growth, by liberalizing and globalizing the Indian economy. Bold actions and steps were taken by the political leadership and bureaucrats which, led to a major transformation of Indias economy, resulting in obtaining positive results. The growth rate reached a little under six percent between 1995 and 2000 became seven percent between 2000 and 2006 and finally reaching to 8.5 and nine percent subsequently.

After all, the growth rate has always been in between eight or nine percent, last few years, given the size of economy, India should be proud of that. Simultaneously, India was finding share in the global economy in terms of exports. Though it is just 1.3 percent currently, however, one should not forget that it was merely 0.6 percent a few decades back. So, there has been a significant achievement not only in terms of growth rate, but, also, foreign exchange reserves which were about $ 250 billion now, and never came into picture because there was a time when the nation of one million was struggling with the reserve of just two to five billion dollars has increased substantially.

Considering all these factors and the rapid pace of Indias rise, Country still have certain solid pillars of growth which were always been helpful to further increase importance of India at World stage . Some of them are as follows:

• It is one of the largest economies in the world.
• India has a very significant skilled manpower and a professional cadre.
• India was getting much more global in terms of manufacturing knowledge.
• India has one of the largest pools of scientists, technicians, engineers and managers in the world today.
• India in 2008 had graduate 500,000 engineers which if we compare with United States and Germany the figure will be around 75,000 and 25,000 engineers.
• India has one of the youngest populations in the world, which has been a huge strategic advantage.

New Government:

Amid when the whole world is trying to combat the economic crisis, India one of the largest democracies of the world were going through a time to elect the new leadership for the Nation. Although, India fared much better than others in terms of crises, however, it cannot deny the fact that it was also affected by the problem which requires solution at the global level.

The new government comes to power at a very difficult time, however, Government was aware that the country has proved to be less immune to the global economic crisis than was originally supposed; stimulus packages and populist policies have left the country with a disturbingly high deficit. However, the government was more confident, the reasons were, there will be not much opposition from allies thanks to the positive election results. The initial signs look promising from the new government towards their agenda for growth, for example starting a national urban poverty mission to complement the last terms rural employment guarantee scheme, spurt the revenue of government by disinvesting select state owned enterprises, also, reduction in lending rates to poor and farmers and Auction of 3G and Wimax licenses to spur further growth in the broadband Internet business.