This document discusses what makes a country developed. It provides reasons like wealth, economic growth, and industries that lead to development. While India is still considered a developing country, it is the fastest growing economy this year with annual GDP growth projected at 7.8%, ahead of China. India also has a demographic dividend with a large working-age population and is expected to attract over $1 billion in foreign direct investment. New laws being enforced, like decriminalization of adultery, also indicate India's progress toward becoming a developed nation.