Well, I am only relaying what this guy told me. He moved to Australia 30 years ago and keeps visiting India every few years. His last visit was only last month.
He told me the country has changed completely over the years. Modern metros in most cities with 19th century street vendors selling traditional food in 21st century metro stations.
He said there is plenty of trickle down prosperity and I.T. has opened middle class prosperity to a lot of people from the poorest villages.
He could have been embellishing things, especially to a Pakistani, but he seems like a fairly honest, down to earth guy.