The US will be affected by the economic growth of China and India. This is because, especially with China, we are dealing with so many people that have so many talents, skills, smarts, and businesses, it is unlikely the economic impact would not be felt here. This is why we need import control.
Yes, the U.S. economy will be affected by economic growth of China and India. Today's economy is global, and the growth, or lack thereof, of any of the largest world's economies will affect the rest of the world. China is a dominant economy, and India is close behind it in terms of growth - the rest of the world should beware.
The US economy will be affected by the economic growth of China and India as their buying power will increase on the world markets. It could be affected positively or negatively but there is no saying as to which way it will go until it happens. It may be slowly or could happen all of a sudden
While cheap labor seems to be something everyone is going for these days, quality also may step into play. While China and India are currently working on their industrial age, the United States has long passed theirs. We still have factories, we still have product production, we also have different ways that our economy completely flourishes. While it appears that these powerhouses are going to run the United States dry, the US seems to have certain things that it excels in which will keep the economy blooming.