I hope we haven't missed it yet. We need to make sure that we counter these economic agreements with stronger ones of our own, and then get MUCH closer to them (India) militarily IMHO.
We MUST get very close to India militarily if your books are not to become prophecies. As much as I like 'em, I really wouldn't want them to come true!
We also have to be careful about being used by India who wants to burn the candle at both ends. They play footsie with the former Soviets and now with Red China while winking at us and saying, "If you don't give us what we want, we'll jump in bed with them."
That's not a way to secure our interests and democracy and sets up for a very tenuous alliance.
India is either on the side of free markets and democracy, or they are socialist/communist. We should do what we can to foster free trade and democracy (as we have done with Red China), but that's no guarantee that their intentions are in tune with ours.