Wealth distribution in the US appears to be heading in that direction as well, in case you haven’t noticed. If you have two systems that are both extremely unequal and both hollowed out by corporate oligarchies, neoliberalism and deregulation, the one with the larger population has an advantage just by virtue of manpower resources. The biggest structural advantages the US still has over India are a much more developed infrastructure and a legacy of historical investment in human capital, and it is exactly these two aspects which have begun to be catastrophically neglected in the US. If India can fix these shortcomings it can overtake the US.