What is going on with India is a threat to our interests that is occurring now and being announced by both nations. I believe we should (and the Bush administration is) taking steps to try and influence India towards us and render China's offerings moot. It is, IMHO, long over due, and I hope it is not too late.
Just my own thoughts on the matter.
You have to agree that the US and China are much closer than India or China. Man, you read the world newspapers...you know that every damn time a Chinese leader leaves India, India tests a new missile or launches a satellite. You know they do that just to send a message to the Chinese. The Chinese and Indian's are old hands are rattling each others cages. They also make overtures to show each other how "big" hearted they are. Don't mistake that for an alliance!