So, in order to keep improving, many say, India needs to set out its priorities.
Its success was built partly on improving grasses from Africa and cattle from India.
"The global environment is improving, some policy action is happening in India that will boost overall business sentiment and improve the investment climate, " said Sujan Hajra, chief economist at Anand Rathi Securities in Mumbai.
Much of India's nuclear strategy focuses on improving delivery vehicles.
With manufacturing and services going to China and India respectively, both countries overtime have been improving the living standards of its own people and developing their domestic markets but inconspicuously laying the foundations of their own innovation ecosystems that is funded through globalization.
FORBES: The locus of innovation has shifted away from the U.S.
Having said that, India is the one economy in Asia that is improving the most on a short-term horizon.
India's own strategic plan for TB calls for improving medical care in the private sector, in addition to scaling up testing and treatment of drug resistance nationwide.
Inflation in India has eased significantly and other data too point to improving economic conditions, the minister said, suggesting that there is no reason to worry about a slowdown in capital inflows.
India is not a rich country, but per capita incomes are improving steadily at 5-7% in real terms for the past decade and for that reason we see a lot of room for banks to grow these segments.
India's slowing inflation and narrowing trade deficit indicate that the economy is improving, the World Bank said in a report published Tuesday.
Air links - severed since 2001 - were restored between India and Pakistan on Monday, and the two countries are also expected to discuss improving trade and transport ties.
But while he insists that educating people about how to plan for and respond to earthquakes is in some ways as important as improving buildings standards, he acknowledges that neither can be achieved without considerable financial outlay - something that a country like India can scarcely afford.
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