Let's not compare your US standards right now. That's because you've got so many people which is why there is a long waiting time; as a result your higher requirements.
People touch Dash 8, A320, B737, B757s right seat as low as 250 hours and not even one accident till date in the last seven years since the boom happened. Thus with right training, SOP procedures and experience, such matters can be served well.
We have captains who are as young as 24 flying left seat A320 ( Indigo Airlines has got over a 100 airplanes, Along with many other carriers ) that fly almost over 10 million passengers in a year in this country and around the world.
India of course is your biggest market now which is why the ME3 is also investing and wants to invest in shares in the airlines out here. EK also highly respects the Training Standards of Indigo Airlines per se.
It's amazing how the dynamics have changed.