It is not about, if the US space program was better/worse than the Indian one. But that we don't know the alternative outcome of a lot of smart people working, not on the space program, but on many different fields that could lead to a greater outcome than this one project (the work would be less visible to the public than one shiny big project but in the end there is (in my opinion) more gain for the people, because the market responds generally better to the needs of people than a bureaucracy)
Money is not equal wealth. You can spend money in a circle of two people a thousand times, that doesn't make the two richer. Or you can add 0's at the end of all bills, that doesn't make anyone more rich either.
I think it's more reasonable if we focus on wealth and not on money in this discussion.