Remember the Britishers golden rule"A person is judged by his Shoes "- this clearly depicts that the whole personality is somewhat depends on what person carries. In the same way Economy of the body defines how the systems are running , but at the same time how the economy is channelised for sustainiblity and prosperity of the sysytem is equally important.
As for our country which is in long run for called to be "developed nation",with the current scenario i.e our up bring and attraction of international biggies surely leading to be called as developed nation as during the visit of the American president Barack obama who already declared that India is developed nation and then back to back visit of Primier Jiabao, Mr. Sarkozy and Mr. Medvedev clearly indicates that we are growing and developing at faster rate than we were supposed to be a decade back but at the same point what ails India?, Why still categorized in developing nation, i believe the reason for development is : young talent pool and Ailing effect:The corrupt politicians,barrier between INDIA and Developed nation crown.
However, the scams that emerged recently from the corridors of bureaucrats,simply make the reason of ignonimity. If look at the 2G spectrum case or CWG scam or for that matter Adarsh society case, these are few which is always be in finger tips to remember, what main issuse behind is the defalcation which brings a barrier between India and "developed-nation" tag.
So to get the tag of Developed nation as such, aggrandise with attitude of proper distribution of Funds and that should be a prior concern for Politicians