dnene
AFAIK the most optimistic estimates make India the second largest economy in nominal terms measured by exchange rate no earlier than 2050.
India is expected to be growing pretty fast. But nowhere close to the rate which would be needed for this to be true in currency exchange rate terms. PPP terms really doesn't mean much.
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HTTP method + a Unique URI are the essence of the Uniform interface constraint of REST. They are very much a part of REST. How the real world uses them has no bearing on their validity. This has to be managed by better informing the real world not by questioning the very notion itself. Linking via hypermedia is an essence of the HATEOAS constraint of REST. Both are orthogonal yet complementary aspects of REST. A discussion can be had about one without necessarily talking about the other as this blog post does.
On the other hand transparency vs. opaqueness has nothing to do with REST API design per se. All REST recommends is that clients shouldn't design themselves to assume specific semantics into the URI substructure nor should the services guarantee them. However structured design URIs do not at all fall foul of REST from an API design perspective, and help both development and debugging substantially.
I suspect you've introduced both issues related to Client API usage and used them to question serverside API design. The issues are not incorrect but the level of abstraction at which you choose to address them is something I would differ with.