India has experienced significant economic growth and development in recent decades. This has led to rises in India's status and influence globally in political, socio-cultural, military, and technological areas. India is now the world's fourth largest economy and on track to become the third largest by 2014. This economic growth has enabled a stronger political system, increased social and cultural prominence abroad, a more advanced military, and greater technological innovation. However, challenges remain regarding issues like poverty, education, infrastructure, and unequal development.