Deepseek has shown that you can still do a whole lot if you have to work with limited resources as long as you have some really talented people and don't give a crap about IP. With 1.5 billion people, statistics tell us you'll find quite a few in the high tail-end of the intelligence distribution and I also don't think they have a strong sense to comply with western intellectual ownership. The biggest difficulty for India seems to be that all highly talented people will immediately use their skills to find work somewhere else. And I can't blame them, because I would do so too.