I think that is the best way forward.
If India wants it could probably negotiate to get the veto power first... but either way I don't see it as a big deal. The only thing that changes is the time frame, sooner or later there will be UNSC reform.
All that sounds good is good for India at this point in time.
I am just thinking aloud:
Some important takeaways from the Obama visit:
The US supports India
a) to take more global responsibility than it currently takes ranging from having a firm locus standi on countries like Burma and Iran
b) Enabling high-Tech technology transfers
c) Strategic partnership at the nxt level not to be determined by the amount of dollar sales of sophisticated equipments
d) Counter terrorism/counter insurgency and regional security to start off with and eventually increasing the ambit of operations
e) Assist US forces globally in their operations legitimate or not
f) India's role in reconstruction of Afghanistan\
g) Opening up of retail, insurance, banking and the defense sectors for investments
h) Removal from entities list of ISRO, BDL, DARE, DRDO/L and the like
g) Security Council position
And immediately after we have postive vibes from the PRC. Just making me think something is cooking up. I may be wrong but dont expect to be completely out of context.
a) Do you think India is in a position to garner favors from both PRC and USA by playing a balancing role here?
b) Is there a tacit understanding between India and the PRC on certain issues ranging from limiting US role in South Asia/Asia to regional peace/stability and security
c) Also factoring in aspects like joint work groups around clean energy/climate change/global warming?
Comments welcome...let us put on our thinking hats...