India have even more good reasons:

- 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.