hpcock:
You obviously assume too little.
Let me tell you that I have actually lived in India, and that since 1979 I have spent almost equal time in China and India.
My Indian business associates who visit my factory in China are consistently astonished and embarassed to see the high quality of infrastructure (roads, power supply, etc) provided by the operators of the Industrial Zone, whereas in India, part of the (public) access road to our factory is essentially still a dirt track - years after we moved in. I can tell you that in 1979 China was light years behind India in almost all respects.
But that is only what affects me personally.
On a much wider and more important scale, the fact that in a country that boasts of its nuclear capability still HALF of the children are malnourished is a disaster. In fact, child malnutrition is worse in India than in sub-Saharan Africa.
Then we have, of course, dowry killings, rampant infanticide and child marriages.
So much for your "most dynamic economy", mate.
I would call it a non-developing country.