In this policy brief in International Governance, CIGI Distinguished Fellow Ramesh Thakur provides a current snapshot of political and economic realities in India. One of the fastest growing economies in the last decade, Indian society is changing in its composition and in its aspirations. Although much harmonization with the global economy has taken place, Dr. Thakur identifies that preferential treatment, corruption and coalition governance remain constraints on the nation's economic and political prospects. He questions the nature of India's progress, whether its economic model allows sustainable growth, and whether its democratic foundations serve as strengths or weaknesses. Yet above all, Dr. Thakur underscores the inner strength that India has presented thoughout its history, and that this is its greatest asset for integrating into the global economy.