Big business, who advises Big Business and is invested in India says India is going to be the leader. They are trying to create there own self fulfilling prophecy. Until India and the rest of the world creates an atmosphere of innovation (which requires certain human rights) they will not overtake the US as the dominate business factory nor will they be the leader in cutting edge tech services. There will come a day that it would be foreseeable that a Google or an Intel will form out of a new country of origin but right now culturally there are few destinations for that to happen. Quite honestly Brazil seems like a far more likely candidate if we where solely looking at emerging countries. I am sorry (and this is not disparaging Indians or India) but until that happens they are just picking up the scraps which in no way makes them a leader.