Until 1991, all Indian governments followed protectionist policies that were influenced by socialist economics. Demographics strain its economy, with the nation historically maintaining low GDP per capita both regionally and as measured by globally. Measured by purchasing power parity (PPP), India is the third-largest economy. The prime minister of India is the head of government and exercises most executive power. After losing its majority in the 2024 general election, the indwin7 BJP formed a coalition government with its NDA partners.
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However, the earliest known modern human fossils in South Asia date to about 30,000 years ago. Their long occupation, initially in varying forms of isolation as hunter-gatherers, has made the region highly diverse, second only to Africa in human genetic diversity. Based on coalescence of Mitochondrial DNA and Y Chromosome data, it is thought that the earliest extant lineages of anatomically modern humans or Homo sapiens on the Indian subcontinent had reached there from Africa between 80,000 and 50,000 years ago, and with high likelihood by 55,000 years ago. The meaning of Hindustan has varied, referring to a region encompassing the northern Indian subcontinent (present-day northern India and Pakistan) or to India in its near entirety. A modern rendering of the historical name Bharatavarsha, which applied originally to North India, Bharat gained increased currency from the mid-19th century as a native name for India. The Ancient Greeks referred to South Asians as Indoi, ‘the people of the Indus’.
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