This article analyses India’s economic, military and political rise in the international state system. It concludes that India is on the rise in all three power dimensions, underpinned by a larger share of global GDP. However, it also identifies the constraints on the way. On matters concerning its economy, India lags behind in industrial prowess, innovation, socio-economic development and financial strength. While modernising its defence capabilities, it faces obstacles due to budget issues, institutional constraints and a weak defence industry.