Second, from the perspective of as casual observer, it would seem Apple's success disproves all three of your concern..they seem to have ample control, IP theft doesn't seem to be a problem (Samsung "stealing" design elements, isn't a manufacturing issue), and their time to market is phenomenal.
Unless automation catches up first. You're right that jobs will keep jumping from country to county as wages rise in previously developing areas.
However, that will end when automation reaches the point where it's cheaper to have robots in the US build it.
Also, one question I have is this: is the difference in wages between the U.S. and India, less than the difference in wages between the U.S. and China when these jobs started moving there?
And why exactly would manufacturing jobs go to India? Is there some preexisting manufacturing industry I'm not aware of?
It's also less politically sensitive in the US. Americans have a knee-jerk reaction to China that goes far beyond outsourcing and call center complaints. India is seen as an ally rather than a potential military threat.
- India's domestic consumption accounts for 57% of the GPD.
- India's housing bubble is not even close to what has been going on in China.
- 650 million Indian's are estimated to live on $2 a day (100 millions in china).
- India's population will overtake china's during the 2020's
OTHO, India has other problems like endemic corruption, less investment in infrastructure, or terrible levels of inflation for example.
There's also the fact that China appears to be heading for a serious problem with respect to the age of its population. Conversely, India is expected to maintain population growth for at least a couple decades longer than China.
(1) http://www.pwc.com/en_GX/gx/world-2050/pdf/world-in-2050-jan...