I've talked to people who migrated from India, lived in the US for over 25 years, then returned to India for a visit, upon their return they have tell stories of rapid development in india. The country has been advancing rapidly.
I've also heard of consumerism is thriving their, the old cultural ways of saving money is slowing fadding. Middle class is rising and they are spending money.
More and more US firms are outsourcing to india, which also helps the economy.
After talking to the people in the trenches, I've come to a realization, the country definetly has some huge potential.