India has finally woken up and realized that China cannot be defeated without massive casualties for India. So it readjusted to a more realistic posture -- stay neutral between a US-China conflict. This is why it rejected USA in MMRCA, the consequence is India rejected being part of "Asian NATO."
USA wanted India to join so badly that it even offered to ditch Pakistan and support India on Kashmir issue. But India realized that it would only be cannon fodder for USA in a war with Pakistan and China together. So India said "no" to the US.
Now
the US is hurting very very badly and could collapse like the Soviet Union within a few years.
Asia Times Online :: South Asia news, business and economy from India and Pakistan
P.S. Indians who have too much admiration for USA are acting against the interests of India itself. Real Indians should denounce these Anglo-Saxon wannabes.