India and the US matter to each other and have gone a long way in constructing a mutually beneficial relationship. The two 'estranged democracies' of the Cold War have become fairly robust 'engaged democracies' over the past decade. President Barack Obama's visit to India in November 2010 and his expression of support for India's UN ambitions was a high point in the India-US engagement. Six months later, however, we are at a low point.