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Originally Posted by mediawizard 
I'm going to agree with hugegrowth here - China and India are already powerhouses, the 10 yrs or so is just a western viewpoint, certainly not the facts.
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How is it not the facts?
Show some stats on how much Indians and Chinese spend online. People with an average yearly earning of $4000 don't have anywhere near the spending power of those earning ten times as much.
Back in the real world - why do you think online advertisers are still only willing to spend .10 or less on any click from India or China? Clearly it's because they don't buy nearly as much as Westerners.
The economies of India and China are big only because of the sheer numbers of people living there. Both are second world countries undergoing their own brands of industrial and social revolutions that took place in the West 100 years ago. They are doing it at an accelerated rate, but are still a decade off from being what could really be considered economies where everyone has a piece of the action. Income disparity is also terrible - many of those online users in those nations don't earn the $4000 a year either.
In India, 390 million people still live on $1 a day or less. That's hardly the hallmark of an economic powerhouse.