India officially the Republic of India (Bharat Gaṇarajya) is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west China, Nepal, and Bhutan to the north-east; and Burma (Myanmar) and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.
Government Of India
India is a federation with a parliamentary system governed under the Constitution of India, which serves as the country's supreme legal document. It is a constitutional republic and representative democracy, in which "majority rule is tempered by minority rights protected by law". Federalism in India defines the power distribution between the federal government and the states. The government abides by constitutional checks and balances. The Constitution of India, which came into effect on 26 January 1950, states in its preamble that India is a sovereign, socialist, secular, democratic republic. India's form of government, traditionally described as "quasi-federal" with a strong center and weak states has grown increasingly federal since the late 1990s as a result of political, economic, and social changes. The federal government comprises three branches • Executive • Legislative • Judicial
IMF sees India as fastest-growing economy in 2018, 2019
The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.
In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.
“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.
India will overtake China to be the fastest growing large economy in 2018 and the country's equity market will become the fifth largest in the world, says a report.
According to a Sanctum Wealth Management report, when the rest of the world offers low growth and insufficient structural change, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth.
"India will become the fastest growing large economy in the world, eclipsing China.