Doesn't India's economy depend on US as well? namely IT services and such?
China has spydered into almost every manufacturing field there is.
Contrary to perception, the portion of Indian economy dependent on US is very small.
80% of India's GDP comes from primary sector i.e. Agriculture. The Secondary sector is constituted by Manufacturers and Processors of the output of the Primary Sector. The third Sector is the Tertiarry sector which is constituted by all that Infrastructure required to enabling the product of secondary sector to reach the people. Thus, Transportation, Banks, Insurance, Financial Institutions etc come under this.
IT service etc. are part of the Tertiary sector and contribute less than 10 % to the GDP.