Many IT and customer service jobs are going to India, so their standard of living and economy is improving.
Inspite of some development in IT, and lots of IT companies are having their offices in India. But poverty and population are two indexes where India collapses.
Actually Russia has a slightly higher GDP than India. India may have 15 times more people than Russia, but the majority of those people are very poor.
Poverty rate is very high in India.