India is a developing nation. Our nation is blessed with a lot of natural resources as well as human resources.Our economy is increasing year after year because of our strong presence in the global market.

The economic status of each country depends upon heir respective governments or ruling systems.
According to our nation, India has the largest democratic system in the world and this system is a stable one also.
This stabilizing our annual growth of economy.

Majority of our nation’s income from various areas of exporting items.For example India exports quality food products; Indians sea foods are the most wanted items in the world market.Apart from sea foods we are exporting apparels,(Indian cloths are the number one in world market) tea, handicrafts Medicines, electronic equipments, computer softwares etc. all the Indian stock exchanges are dynamic. Some of the shares of Indian top level companies getting brisk sale in the world market.

So if we analyze all the facts we could conclude that India has the higher economic status comparing with other third world nations. Because our nation has a well balanced and satisfactory economic strategy.