Political Economy of India

• The political framework of India is characterized by a parliamentary democracy, where power is distributed among the executive, legislative, and judicial branches, alongside a multi-party system reflecting the nation's diverse social fabric.
• The government of India is elected in accordance with its constitution, which outlines the structure of governance, fundamental rights, and duties of citizens, with elections held at regular intervals to choose representatives at the national, state, and local levels.
• Historically, the federal government of India has been led by prominent figures such as Jawaharlal Nehru, Indira Gandhi, and Atal Bihari Vajpayee, while currently, it is headed by Prime Minister Narendra Modi of the Bharatiya Janata Party (BJP).
• India holds the distinction of being the world's largest democracy, a nuclear power, and boasts one of the largest military services globally, alongside having a population exceeding 1.3 billion people.
• India's potential to emerge as a superpower is often discussed in global media due to its rapidly growing economy, expanding influence in regional and international affairs, and investments in sectors like technology, manufacturing, and defense.
• Recent major diplomatic campaigns conducted by India include initiatives to strengthen ties with neighboring countries through initiatives like the 'Neighborhood First' policy, bolstering economic partnerships through platforms like the BRICS and G20, and enhancing global influence through participation in multilateral forums such as the United Nations.