Agree with you, warbux. India is a huge nation with nearly a fifth of the world population and has the biggest market in the middle-income group - globally! More than 65% of the population is well under the age of 30 and catering to the needs (products and services) for this segment of the population, by itself, is quite a task to accomplish. Global trends does impact and does concern India, but not as much as it does to the rest of the world.
Most critical of all, India is gearing up to be one of the dominant Economic Super Powers of the 21st century!! There is so much to be done to reach to that position. And things have only just begun.