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In terms of purchasing power parity, its economy is the second largest in Asia, and is the worlds 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.
 
In terms of purchasing power parity, its economy is the second largest in Asia, and is the worlds 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.
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In terms of population India is the largest democracy in the world. It operates under a British-style Parliamentary system. The head of state officialy is the President of India, elected for a 5 year term, but the ''de facto'' head of state is the Prime Minister who holds most executive powers. The Prime Minister is appointed by the President, but they must have the support of the party holding a majority in the Lok Sabha, the lower house of Parliament in India.
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In terms of population India is the largest democracy in the world. It operates under a British-style Parliamentary system. The head of state officially is the President of India, elected for a 5 year term, but the ''de facto'' head of state is the Prime Minister who holds most executive powers. The Prime Minister is appointed by the President, but they must have the support of the party holding a majority in the Lok Sabha, the lower house of Parliament in India.
    
The members of the Rajya Sabha (Council of States), the upper house of Parliament, are elected by state and territorial legislatures in proportion to the state's population, and serve for 6 years. The Lok Sabha(House of People) has its members directly elected by popular vote and represent their constituencies for 5 years.
 
The members of the Rajya Sabha (Council of States), the upper house of Parliament, are elected by state and territorial legislatures in proportion to the state's population, and serve for 6 years. The Lok Sabha(House of People) has its members directly elected by popular vote and represent their constituencies for 5 years.
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See [[World History Lecture Three]] for more information on Ancient India.
 
See [[World History Lecture Three]] for more information on Ancient India.
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[[Category:Countries]]
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[[Category:Asian Countries]]
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