Thread is about emerging bowlers and people here discussing Waqar, Asif , Shami and Ishant...
Anyways..if you compare both the current test bowling attacks, I think India are comfortably infront in terms of both experience and skillset. Odis , it could go either ways. T20s doesn't matter.
But once you bring in the word "emerging" , I think it becomes quite subjective. If we are talking about bowlers who're either on the fringes of the national team or are very new to int'l cricket, I think Pakistan are comfortably ahead. But if you talk about potential future int'l bowlers toiling in the domestics, then it could again go either way.
So, for now I think Pakistan is slightly ahead in emerging fast bowling resources.