India has made significant in-roads on its path to development. A country reeling at the literacy rate of in 1951 has achieved a significant literacy rate of by 2001. India plays a vital role in the software industry in the modern world. At the times of recession, while the rest of the world had its back on the grounds, India was among the few countries that managed to continue with a positive growth rate. | Barriers to development Terrorism corruption and social violence