We're clearly on a course to economic stagnation (or worse) in the USA under Obama and the Democrats, but unfortunately too many of us don't and/or won't face up to that fact yet.

I would agree about India, however China (as far as I am concerned) merely tolerates market forces because it serves the state (keep in mind that fascism is just a little to the right of communism - and treats private property as a joke). Remember the PLA has its fingers in every pie.
India’s political system - in the long term, and the direction it is currently heading - would be more conducive to economic growth by its own entepreneurs. I have seen some of the new control systems products coming out of India - homegrown, original stuff, and the company owners are very hungry. These are the people who will break the stereotype of outsourced cookie cutter tech support.
And this great country is going backwards.