Cultural attitudes and differences still exists in this globalized economy. Premonitions like "Indians are poor" are the basis of western businesses misjudging the markets in developing nations. Get out of your cocoon if you want to develop your business internationally. US is not the world. It is true that Indians(including myself) are value minded. You need a different business model that caters to a higher volume than looking gor higher margins. But, saying Indians and Spanish are poor so I won't focus on them is just naive. You could instead say - "I don't want my business, in a low-margin market like India because I don't know how to make money there." and that is understandable.