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During the last several years, a country that has been making serious moves towards becoming an industrialized country and changing its status is India. The authors’ purpose in this paper is to do an evaluation, historical, political and economic, to determine how successful India is, and where it is headed. In our attempt to do that we are going to start with an in depth economic analysis, which will give us the tools to derive conclusions. The rest of the paper will concentrate on statistical analysis. In order to do that, we are going to present economic data for India for about 36 years, including the GDP, unemployment, inflation, exports, imports, net exports, the growth rate and population. After we analyze the data, we are going to run several regression models, to show us the impact that one indicator had on others, and at the same time determine which economic indicators are the most important for India's economy.
