What makes Indian economy special ?

What makes Indian Economy distinctive from other developing economies ?

In order to understand what makes India's economy so special in terms of a developing economies, first we need to understand what is a developing economy. 

A developing economy is characterized by

•  low standard of living
• less developed infrastructure and 
• developing economies tend to have high birth rate, high death rate, shorter life span, low HDI, poor per capita income, more inclination towards agriculture sector than the industrial and service sector. 

A Developing economy is called an emerging economy that shows a steady and rapid growth. India and china are the best examples of emerging economies.

DEVELOPING ECONOMY	EMERGING ECONOMY
Less Industrialized	More engagement with global market
Inclination towards Agriculture sector	Inclination towards service and industrial sector
Low per capita income	Per capita income tends to rise

This table helps to distinguish between a developing and emerging economy.

Now, lets compare the data (2022) of some developing and emerging economy and see why Indian economy is distinctive from developing and emerging economies.

ECONOMY	HDI	BIRTH RATE (per 1000 people)	UNEMPLOYMENT RATE (%)	GDP PER -CAPITA
INDIA	0.645	17.163	7.80	$1850
CHINA	0.761	10.902	18.4	$21,364
TURKEY	0.820	15.151	11.3	$12,600
BRAZIL	0.875	13.059	11.1	$11,200

From the above data its clear that India compared to other economies ain't that better, but the following points advocates why India's economy is distinctive from others.

1. By the end of 2022 India's GDP is estimated to be $3.25 trillion which makes it an emerging economy.
2. More focus on Make In India and
   Atmanirbhar Bharat (Self Reliant India) to boost economic growth and generate more employment opportunities.
3. More push for Digital India.
4. Increment in Forex Reserves
5. Improvement and Development in Infrastructure
6. According to a Economic survey by Bloomberg, US and Europe have around 40% and 50-55% chances of going into recession but 0% chances of India because of strong agriculture sector and momentum in service and industry sector.
7. IMF projects a 7.4% growth rate for India (2022) which is high for any emerging economy.