I mean... Who really trust Americans? I'd say not many, given the options. But the thing is, India has no choice but to seek US embrace. The strategic calculus here would be to gain maximum GDP growth from such an embrace with US ( much like China, Japan, SK etc did in the past) and then after extracting the benefits and growing large enough, slowly rise to dominate/ pursue its interests. Do you see a parallel here with China? Because Indians have seen and studies China's path.I agree with the Indians' misconceptions, but they really may not interpret it that way. Certainly Indians don't trust Americans, this is more than enough proof that India doesn't feel safe with the US Navy snooping around the Indian Ocean and close to Indian outskirts, that same year, the US got in trouble with the Indians because of an alleged dispute over territory, that is, the Americans are targeted in the Indian strategy, but from what I see, the Indians continue to have as their direction the opinion that China represents the greatest threat in the medium and long term .
US is not some magical wealth generating machine. What India really hedging its bets on is its conviction that US led monetary/financial/global governance will reign supreme for the next fifty years. No one can fault that, especially when India itself will strengthen that system by becoming an active player.
( I have deviated from the Thread topic a bit. Anyway...)
India seeks a sphere of influence (much like China). India seeks to utilize the US vs China confrontation to extract the GDP growth it needs and then display the strength. Yes, you are right. India indeed considers China as the biggest threat and it has designs for the entire region ( which I don't think will end up good for a lot of people going by what Jingoistic Indians discuss).