India is a growing economy and is considered a middle-income country. It is the world's sixth largest economy in terms of nominal GDP, but poverty and income inequality remain challenges. While India has a large middle class and wealthy individuals, it is not considered a rich country in the traditional sense.
India is considered to be a middle-income country, with a diverse and growing economy. The country is the world's sixth largest economy in terms of nominal GDP, and the third largest by purchasing power parity. Despite this, India faces many economic challenges, including poverty, unemployment, and income inequality.

While India has a large middle class and a growing number of wealthy individuals, the country also has a significant portion of its population living in poverty, and the income distribution is highly unequal. The country has made progress in reducing poverty in recent decades, but more needs to be done to ensure that economic growth benefits all segments of society.

So, whether India can be considered a rich country depends on how one defines wealth and prosperity, but it can certainly be considered a country with a growing and diverse economy.