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→Economy
==Economy==
==Economy==
In terms of purchasing power parity, its economy is the second largest in Asia, and is the world's fourth largest economy. India is one of the fastest developing economies in the world with an annual growth rate of over 8%. However it is battling major obstacles to improve the average standard of living , such as high levels of [[poverty]], [[illiteracy]] and [[malnutrition]]. 27.5% of the population was living below the [[poverty line]] in 2004–2005<ref>[http://www.planningcommission.gov.in/news/prmar07.pdf Poverty estimates for 2004-05], Planning commission, [[Government of India]], March 2007. Accessed: [[August 25]], [[2007]]</ref>.
In terms of purchasing power parity, its economy is the second largest in Asia, and is the world's fourth largest economy. India is one of the fastest developing economies in the world with an annual growth rate of over 8%. However it is battling major obstacles to improve the average standard of living , such as high levels of [[poverty]], [[illiteracy]] and [[malnutrition]]. 27.5% of the population was living below the [[poverty line]] in 2004–2005<ref>[http://www.planningcommission.gov.in/news/prmar07.pdf Poverty estimates for 2004-05], Planning commission, [[Government of India]], March 2007. Accessed: August 25, 2007</ref>.
==Government==
==Government==