In a recent development, China has made its stand clear that it will not oppose India’s bid in the UN, but at the same time it will not support also. So, now, India has to give effort only to get the US nod, since the fact remains that as a pre-eminent geo-political and economic superpower in the world, the US continues to wield enormous influence in the UN.
At present, the most significant question arising in the minds of the Indian diplomats might be: “Will the US give its nod”? Whereas on the contender side the question would be: “Is India a rightful claimant”? The debate is yet to finish and we have to wait for the final verdict to come into a conclusion. However, According to foreign experts, the US reluctance derives from four factors: Firstly, distrust of India dating back to the cold-war era among the hawks of the foreign establishment; Secondly, India's emergence as a nuclear power and defiance of the non-proliferation ideology preached by the US; Thirdly, the reluctance to upset both Pakistan and China; and fourthly, the perception that India has violated Security Council resolutions on Kashmir. Whereas Indians do believe that India is a right candidate for the permanent membership.
Following a line off research in this context, I found an interesting article on http://www.jantaraj.com , that explains why India should be taken as a permanent member of UN.
http://www.jantaraj.com/Ramnarayan/defa ... sp?pid=215
However, none of these above stated factors are insurmountable. In the post-September 11th world, the US has revisited its old stereotypes with regard to India. It now views India as a crucially ally in the war against terrorism, and a stabilizing influence in South and Central Asia. Apart from this, India is also optimistic about getting the two-third majority in a resolution by G-4 countries —India, Brazil, Japan and Germany — on the reforms and expansion of the UN Security Council.
As for now, we can only be hopeful, not confident, for India's emergence as a potential economic superpower




