I am an Indian. I live in New Delhi.
Having a a fair amount of exposure to the business world (2 decades), I have experienced more than my share of arrogance and well, I also have experienced the brilliance of the people from US and Europe.
Things are changing, attitudes to Indians are becoming a little more respectful (though we tend to exasperate a lot of people with our casual attitude at times ...)
India had made immense investments in education, science, technology, poverty alleviation schemes and infrastructure etc... though not always wisely, efficiently and hardly ever in ways free from corruption and exploitation by the political-business interest groups,
Thankfully, something still got through to the people and they made the best use of it.
That is the story of India: We are making it despite the government, which much to its dismay (any govt in power, I am happy to say, is discovering this), is finding that it has to give back to the people something, else it gets voted out of power.
Democracy rocks. In India, it may be chaotic, but at the end of the day it works.
I dunno why. :)
I am loving it!