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→Economy: linking Asia
==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]]. Standard of living in India shows large disparity. While rural areas have little or almost non-existent medical facilities, urban areas have world class medical establishments. Wealth distribution in India is also uneven. The top 10% of income groups earn 33% of the income,<ref name=incomedist>[http://www.indiatogether.org/photo/2003/class.htm "In Pictures – Middle Class, or Upper Class? "]</ref> while 77% of the country's population earn less than $0.40/day. 27.5% of the population was living below poverty line in 2004–2005<ref>[http://www.planningcommission.gov.in/news/prmar07.pdf Poverty estimates for 2004-05]</ref>. Corruption is a major problem affecting India. Bribery, tax evasion, fraud, embezzlement etc. are some of the dominant problems.
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]]. Standard of living in India shows large disparity. While rural areas have little or almost non-existent medical facilities, urban areas have world class medical establishments. Wealth distribution in India is also uneven. The top 10% of income groups earn 33% of the income,<ref name=incomedist>[http://www.indiatogether.org/photo/2003/class.htm "In Pictures – Middle Class, or Upper Class? "]</ref> while 77% of the country's population earn less than $0.40/day. 27.5% of the population was living below poverty line in 2004–2005<ref>[http://www.planningcommission.gov.in/news/prmar07.pdf Poverty estimates for 2004-05]</ref>. Corruption is a major problem affecting India. Bribery, tax evasion, fraud, embezzlement etc. are some of the dominant problems.
==Government==
==Government==