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If 'an emerging space superpower' equally means 'emerging India' :
The process of globalization over the last twenty years has given rise to the view that if the World sneezes India catches a cold. however this is less true today than it was a couple of years ago. while the Indian economy is not completely immune to massive upheavals in the world markets, there are reasons to believe that a certain 'decoupling' of the Indian economy from the world economy has happened, suitably aided by improvements in domestic fundamentals. yet a lot more needs to be done to make the economy more resilient to economic forces outside our control. 
there are reasons to believe that a certain decoupling of the Indian economy from Global economy has happened. the signals show that we have just begun the long 
marching towards self sufficiency.
We are India. We are emerging
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