How India became from a third world country to a third most powerful nation??

It s mainly because India got too much of money through outsourcing work which it did for other countries, so that they could work more towards their core competencies, India became the backend process for many of the companies world over, and this generated tremendous revenue and also jobs all across India, and in turn which led to more spending from people, In a way outsourcing brought many things to India like, money, jobs, and now the companies setting their sights to go local...as India has become a strong domestic driven market....

Wages have risen sharply and too asset prices. Markets have widened with derivatives. More widening of these markets will do even more good in future, like development of secondary bond markets, precious metals and credit derivatives. Mortgage markets if liberalised along with faster velocity for money can do even further growth for the country in the short run. Liberalisation of credit markets too is responsible for this position.

The reason i am asking is because we still lack a lot of things to become a powerful nation. And it is on all fronts - Defence, commerce, trade, voting power, athletic prowess, governance, environment ....etal.

Also i am suspicious of any report that comes out of USA. Because the US is known to use such strategies where they would push more foregin direct investment by influencing their decisions into countries which are on their side or find favour with them. Possibly this was the best outcome of signing the NPT treaty etc.

At least on paper we can be declared a powerful nation irrespective of whether we actually are.

I think India became the 3rd most powerful nation from a third world country was mainly due to the huge population and the huge domestic market which we have and thats why we are seeing India get its GDP on the higher side...also the country is young at the moment with majority of the population being under the age of 30, so this has propelled the spending power of these people, a single instance where huge population of India is doing good for us....earlier we used to complain about India's population being so high, but now the same populations is working to our advantage and we easily weathered of our recession whereas everybody else suffered.

India is equal to 4 Americas in Humen Resourse.  Agriculture is the correct way for utilizing our Man power. Half of our lands are not used for Agriculture because, now a days agriculture considered as a profitless work. All the harvesters go for selling  their lands except River sides. If our Government gives more support to the Agriculture Department and Joining the peranial Rivers with other Rivers, Constructing lot of DAMs accross the rivers then our Export quantity will more simultaneously our Economic condition also increase.  Other than food, all other things we ask from other countries.

We can say, it is a wise use of Human Resource available & sustaining our business growth, continuously ,even during the time of recession.

It includes all out-sourcing, exports & enabling adequate infrastructure to advance our requirement.

India has always maintained a check and balance in the market. The stock market is highly contolled in India . The fall of the Lehman brothers proved that it was a hollow company with tall promises. But I NDIA  NEITHER there was something terrible but the market maintained a steady balance. It has been a safe heaven for foreign investors

Well guys , currently our economics isn't strong , India depends on heavy taxation too much rather than consentrating on business driven economy. Remember the recent survey where it was found out that India is the tuffest place to start business.

The title of Third most powerfull country will be given but because of out Armed forces. They will shift their spere of influence from South Asia to the World.

We still need lots of policies to be changed and that can be only done with the help of the govt.

Remeber even TODAY we are the fastest growing ECONOMY and not CHINA , just consider the billions that goes into swiss bank for corruption charges , and we still can achieve 9% growth rate. :)