Rather than India, it is better to focus on Bangladesh
The average age is only 267 years old, lower than India's 28 years old, the "demographic dividend" should be more obvious. There is also an excellent port. And Bangladesh has no ambitions to become a great power, and you don't have to worry about its industrial upgrading at all. A counterintuitive fact, in 2020, Bangladesh's per capita GDP actually surpassed India, and by 2022, the gap is getting wider and wider, and Bangladesh has surpassed India by 10%. Of course, Modi is just a finger and changes the GDP calculation method, not only will Germany and Japan soon be killed, but little Bengal will also piggyback on it.
But I've actually bought clothes made in Bangladesh, and I've never seen clothes made in India. Moreover, the industrialization of most countries starts from the textile industry, like India, which directly starts from chips and biopharmaceuticals, and it is still rare for countries to step from the primary industry to the tertiary industry.
The free trade agreement between Bangladesh and India may be purely due to its geographical location, and it is impossible to think of any complementarity between them. Bangladesh doesn't matter, there is no industry protection in the country, as long as it can feed the people in the country, sweatshops or anything is not a thing, so it is better for them to join a bigger free trade organization, and there is nothing to lose anyway.
Back to India: India wants to be a big country with a voice", and this idea has never changed since Nehru. Take a look at Balart's great achievements:
The liberation of Goa and the recovery of the French colonies were in the limelight for a while.
Dismemberment of East Pakistan and support the establishment of Bangladesh and its prestige spread far and wide.
Swallow Sikkim, govern Bhutan, Maldives, and Nepal if they want to seal it.
In addition to the Indian traitors, Canada, European and American powers, Trudeau swallowed his anger.
However, with the rise of China, Nepal gradually began to become uncontrolled, Bhutan is said to be about to establish diplomatic relations with China, and the Maldives has even demanded that Bharat withdraw its troops. Sri Lanka is not to mention, there has always been a base, and it is still waiting to save him, the small bus in the northwest is tightly blocked, and Modi's suppression of Muslims in the country has made Biden's Indo-European Economic Corridor also disappear, if even Bangladesh can't handle it, India's diplomacy or geopolitical environment is really difficult to explain.
We often talk about the strength of a great power, India can't learn at all, how can it be "impressive".