India is already Asia’s third largest economy by Gross Domestic Product (GDP). It’s the second fastest growing country in the world after China. It’s one of the BRIC (Brazil, Russia, India and China) countries, which optimists think, are rated to become world’s leading economies in the coming decades. Consumer surveys repeatedly talk of upbeat Indians, who are hopeful of the future. The country is young, and that adds more potential to its growth curve. Its dynamic software industry and huge internal market add to its attractiveness as a place to do business. Combined, all this presents a very rosy picture of India. However, this is only a part of the story.