last time, when US went into recession, it was Boom time for Indian IT Sector as more and more projects got outsourced bcoz of cost cutting measures in US. it works reverse. if recession in US, its good time in India. Offcourse, Share markets are sentiment driven, hence some volatility will be felt. but in long run, if US Slows done, impact on India will be less. chances are more wherein Indian Chinese other emerging markets can actually help in pulling out US from Recession or getting into Recssion.
