Yes, India and China are indisputable giants but also consider Japan (still the #2 or #3 economy in the world depending on the metric), Korea, Taiwan, Hong Kong and Singapore—all advanced economies with extremely educated and technical populaces.

Then there's Vietnam, which is very poor but growing over 10% / year and highly educated despite the poverty. There are also hundreds of millions of people in Indonesia and Malaysia.

I was speaking not of the US or Europe but the world in general. We don't live in the Eurocentric world of 150 years ago. The center of gravity now spans the Pacific.