India's industrial structure
India is an emerging and developing country (EDC)A country that has some aspects of a developed country but does not meet the required standards to be an advanced country. found in southern Asia. It is the world's largest democracyA type of government where people govern themselves or elect representatives to govern for them., and one of the world's fastest growing economies. Estimates suggest that India will become the second largest economy by 2050. India is an example of a country that has become richer.
The population of India in 2022 was approximately 1.4 billion people, and a recent report predicts that India will overtake China as the most populous country in 2026. India has around 50 millionaire cities (with a population of over a million people), and is home to five of the world's megacityA city with over 10 million people living in it. (over 10 million people) - Delhi, Mumbai, Kolkata, Chennai and Bengaluru.
However, despite its rapid growth, poverty in India is widespread. The Human Development Index (HDI)A statistical index used to rank the 'human development' of countries, on a scale between 0 and 1. Covers life expectancy, education and living standards. places India 131st out of 189 countries, with around 10% of the nation's population still living on less than $1.90 (US dollar) a day.