abstract:India has formal diplomatic relations with most nations; it is the world's second most populous country, the world's most-populous democracy and one of the fastest growing major economies. With the world's seventh largest military expenditure, ninth largest economy by nominal rates and third largest by purchasing power parity, India is a regional power, a nascent great power and a potential superpower.
In July 2012 evidence of warmer relations between India and Pakistan was highlighted by Foreign Affairs Minister SM Krishna who praised Islamabad for its "new mindset" toward India which he said was "frank and candid".