They're finally becoming a significant economy on the world stage (just barely passing Japan for 4th place, by less than $1bn, according to the IMF rankings).
It certainly took them long enough, with over a billion population, AND the influence of the British colonial system... and even so, their per capita GDP is still on just par with most of subSaharan Africa (around $4.8k), well below China ($13.6k) and the global average ($14.2k)
Leeching off the USA. India sucks.