Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.
If the economy grows enough, fast enough, the tech system should be modernized so that the tax revenues rise fast enough also, and we should put more money in education.
I think the modernization of Chinese economy and Chinese society is a prime concern.
I do recognize that India has to be the center, the hub of activity as far as the knowledge economy is concerned.