Quite a lucrative business they're creating for themselves. Inflaming emotions, craftily manipulating them to rouse both nations to war like fever and making big bucks selling us their expensive/redundant technology.
The fact stands that America is never ever to be trusted as an equal partner for the word equal doesn't exist in its vocabulary as is evident from the examples of nations like South Korea. However fortunately enough they seem to have realized that screwing around with nuclear states isn't exactly the best of policies and they therefore keep their distance (as in Israel's case).
All the high profile inter-governmental exchanges are really just a flowery show not representative of our true state of affairs. America has traditionally neglected India and is continuing to do so, only their policy makers are now inclined to look upon India in a better light as China's rapid rise and growing influence and assertiveness worries them ever more and it is a fact that America can no more tackle them presently than Pakistan will hand over Kashmir to India.
Political imperatives aside its reemerging Russia and expanding China are the factors that are making American defence officials keen to pull out troops from the Iraq-Afghanistan region now that their goal of installing puppet regimes and gaining some measure of control over OPEC has been achieved. It could have chosen to stay for prolonged periods of time and hope to balance the scales of power in East Asia by trying to convert India into a long term partner, however with no such intentions from India's side the option of temporarily boosting Japanese and Korean defences to beat back nations with aggressive intent is becoming less of a deterrent day by day.
The troop pullout, a mere prelude to redeployment in other troubles regions (possibly a preparation for a future Iranian invasion as well) clearly signals that no big defence deals are gonna come India's way as America freely supplying arms and defence technology to a nation is something that only happens if a great underdog needs to balance powers or America counts upon that nation to become a future ally. Whilst India's capabilities vis a vis China are certainly not up to the mark, it is in stage where it can be considered wholly outmatched, a factor that has contributed to India remaining lukewarm in its relations with the US as it is wary of the growing anti-US sentiments and not yet decided as to if it should go along with it or wait for another global bloc to emerge until when it can concentrate on boosting its indigenous defence industries.
The prime factor though undoubtedly as much as we'd hate to deny it is that Indian politicians totally lack a strategic culture and that therefore the inking of large deals with any nations best better not be seen as a step forward within a broader strategic framework for in India, none exists.