Let's go with 20 years ago from your figure. 20 years ago, June 2002.This is foolish, 20-30 years ago it would have been ridiculous to imagine China as a superpower. Ridicule and mockery of geopolitical foes who actually have the capability of exceeding you in the future is exactly how America landed itself in its current position. What Kishore is saying is entirely correct, insofar as the attention of China and America are on each other, just like the Soviet Union and America before there.
Here's the differences.
At the time China had 2 domestic semiconductor fabs only 2-3 years behind the leading edge (SMIC, Huahong). Does India?
At the time China already had domestic search engine (Baidu), social media (Tencent) and e-commerce (Alibaba). Does India?
At the time China had a true fully indigenous 4th gen fighter: J-10. Does India?