India has aspired to become a global superpower and rebalance global governance in a multipolar world. It has made progressive changes to its foreign policy by increasing engagement with international institutions. However, India faces challenges in fully influencing global governance due to inertia from its past policies, domestic political constraints, and lack of technical expertise. The paper examines India's evolving approach and the indicators of its emergence as a power, but notes it still needs to overcome challenges to solidify its global leadership role.