If it's true (which I doubt it is). It would sign the end of the many masterstrokes of foreign policy management by our eastern neighbour.
1. India has clearly refused to join any such coalition against the ISIS. This is not our war, we don't care.
2. India has clearly said that India can settle her differences with China through bilateral dialogue. US' attempt to pit India against China has proven to be a "mission impossible".
3. India will not compromise on interests of her poor people to bring in FDI.
India will never become an ally of the hegemonic west, India will always remain an enigma for them. PERIOD.