In recent years, the ‘official’ India has been patting itself on account of accelerated economic growth rates and the presumed progress in poverty reduction. However, as this paper argues, the recent economic growth has been extremely lopsided; more than ever before. Further, large sections of the country’s population continue to suffer, very acutely, with reference to a whole range of development deficits. This paper is an attempt to sketch a snapshot of India’s economic growth performance, along with some of the major development deficits it is facing.