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India is a federal constitutional republic with a parliamentary democracy consisting of 28 states and seven union territories. A pluralistic, multilingual and multiethnic society where more than 300 languages are spoken, India is also home to a diversity of wildlife in a variety of protected habitats. The Indian economy is the world's eleventh largest economy by nominal GDP and the fourth largest by purchasing power parity. Since the introduction of market-based economic reforms in 1991, India has become one of the fastest growing major economies in the world; however, the country continues to face several poverty, illiteracy, corruption and public health related challenges. India is classified as a newly industrialised country and is one of the four BRIC nations. It is the world's sixth de facto recognized nuclear weapons state and has the third-largest standing armed force in the world, while its military expenditure ranks tenth in the world. India is a regional power in South Asia.
It is a founding member of the United Nations, the Non-Aligned Movement, the World Trade Organization, the South Asian Association for Regional Cooperation, the East Asia Summit, the G20 and the G8+5; a member of the Commonwealth of Nations; and an observer state in the Shanghai Cooperation Organisation.
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