An outsiders perspective (me)
Living in a free, democratic society, has no bearing on politics or corruption, In the USA, look at the Enron case of a few years ago.
Poverty is related to industry and jobs, 60 years is hardly enough time to build an infrastructure of industry and economic stability. When a country is able to export enough goods, it helps build a sound economic environment. As a economy, India is still young, and it's rate of export is still growing, presently it is still reliant on larger amounts of imports than exports.
Living in a country like the USA does not exclude you from poverty, in some factors it is worse. Here is a country that spends billions on a war that nobody wanted, yet there are so many homeless and hungry people in parts of San Francisco, it's ridiculous. Education is paramount, and only the wealthy can afford a really good one. Yes, there are state funded schools here, but many who live in poverty never have the opportunity to take advantage of it. It is hard to get a college education at 17 when you are struggling to raise a family, and live in the middle of a gang war zone, or your parents are abusive alcoholics. A large majority of homeless people are alcoholics or drug addicts, and prostitution and crime in some of these area's is unprecedented. We have muggings, stabbings, shootings, gang fighting, crack being sold on the streets, homeless people begging for money and/or for food.
Now don't get me wrong, this isn't everywhere but a few pockets of the city, and those willing to work hard, can still make a good life for themselves. A large portion of the homeless are comprised of people that through upbring, or life's circumstances, have just given up. There are many people here that do not have any kind of Medical Insurance, and there are cases in the past where people have been turned away from Hospitals though lack of funds or Medical insurance (though I think that has legally been changed now)
A small one bedroom home in San Francisco Bay area starts at about $400K, so it seems that the rich are getting richer and the poor poorer, there is most definitely a class distinction developing in this country. The so called middle class is disappearing, and I personally do not see this ever changing unless we can change the political climate here.
So it seems to me that you guys have a lot to look forward to living in a country who's economic development has no where to go but up. Things may not be ideal, but as they say "The grass is always greener on the other side." It seems that many of you here at TE are well educated, or have the opportunity to be so, this is your advantage. India is a young healthy country, that has a great future.... Invest time energy and participation in your country and politics, and you will reap the rewards later and thereby provide a better future for your children, just like your own parents did.