India’s foreign exchange remittances of US$100 billion in 2022, the highest in the world, were contributed to its economy by 32 million Indians working in foreign countries. Demographics strain its economy, with the nation historically maintaining low GDP per capita both regionally and as measured by globally. Measured by purchasing power parity (PPP), India is the third-largest economy. However, India has been hamstrung by persistent poverty, both rural and urban; religious- and caste-related violence; Maoist-inspired Naxalite insurgencies; and separatism in Jammu and Kashmir and in Northeast India. Economic liberalisation has created a large urban middle class and transformed India into a fast growing economy. A second urbanisation had taken place in indwin7 South Asia by 400 BCE, this time on the Ganges plain.
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The vast majority of Indians fall into the global low-income group based on average daily income. As of 2026, Indian gross domestic output (GDP) have placed the nation as the 6th largest economy in the world. The Indian economy has been among the top ten largest economies in the world since 2010.
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