You're just showing you/your friends' shortsightedness/arrogance. Just being in the West does not automatically mean you lose all family and relationships. In fact, one could say the West enjoys usually a much more mature and nuanced set of relationships than India which is still struggling to come to terms with even basic sexuality. All that in addition to freedom and independence _from_ society if you want it, makes the West quite attractive to certain types of people. This has a direct correlation with creativity, the sort that can build an iPod or a Google search engine. You/your friends just see that top of the societal iceberg and proclaim its shallowness not realizing the history and the grandeur of ideas underlying it, stretching back to the Romans and Greeks.
IMO, the youth in India is being misled by the cry of development of infrastructure/technology thinking that's what will make them great, that merely adopting the outward look-n-feel of the West (better roads/taller buildings/more cars) is sufficient while ignoring wholesale the foundations that enabled the West to build those things and then improve on them. I think India can have modern facilities sure enough but it will not have modern people. The West for all its faults will still bear the burden of giving this world a direction.