Maybe India could be a relative threat, but I don't think so. They're at the end of their demographic transition and they wasted a big part of it (from 2010 until covid) (basically, a country is most productive during a demographic transition, for multiple reasons). The issue is that they didn't build enough infrastructure. It's okay in immigration-positive country like the US (immigration is basically a demographic cheat code that bail you out of your mistakes). In India, where there is a lot of skilled emigration, it's a big disadvantage.