Has democracy in India fulfilled the aspirations of its people? Have institutions delivered? Have public policies succeeded in making substantial differences to living standards? Is the country secure on its external borders? Would the country become an economic powerhouse? And can India be a leading power in the years ahead? All these and many more questions loom large as India completes seven decades of independence. Major challenges persist on the economic front and in providing adequate and quality healthcare, education, food, sanitation and drinking water. Regulatory preoccupations persist as policymakers continue to search for optimal solutions.