India is a multilinguial, multireligious, and multi-caste country and has been a dominant player in the world system and part of the global economy for ages. Its civilizational past has been shaped and has evolved through a number of events, crises, people, and communities. It has not been an isolated country at any point of time, as there has been a continuous exchange of ideas, products, and people with other countries and civilizations.
An article from Emerging Economy Studies attempts to examine the following questions: How has India evolved as a civilizational entity over a period of the last 2000 years? How has globalization influenced its evolution during the last few centuries? What are the unifying factors of India in terms of culture, constitutions, and social processes? It also proposes that how a good governance system can direct India’s diversity and socioeconomic challenges to develop an innovative society.
New institutions and governance systems have been created over time. India has had several achievements in terms of social and economic activities during the last 65 years, and has made it to the third largest economic power of the world, after USA and China, on PPP basis. However, there are several problems that continue to challenge the country, as discussed in previous sections. A large number of problems exist because of poor appreciation of its wide socioeconomic and geographical diversity, and because of the discrimination that arises from misinterpretation of this diversity. It therefore becomes impertive for the country to achieve its lost glory by sustaining and enhancing what has already been achieved, and further improving its existing performance in those areas where it lags, so as to bring prosperity to all the people of the country