On a funny note, "god made us, but rest are made in China" :) No surprise in China replacing USA in India. I think instead of retrofitting other models, India should pursue it's own, primarily because of it's uniqueness. Like you mentioned, language ability is one big advantage. Only if India can check it's population explosion and ever widening gap between richest and poorest, the future looks very bright. Besides, IT, medical field is also a big booming sector for India. I would always choose Indian textiles over Chinese. And presence of a democratic Government is always comforting. I have seen growing trend, like snowballing, of Indian professionals in US returning to India as the lifestyle differences are narrowing. This should give a big big boost to India in coming years.