No they don't deserve permanent seats, it would just become an American club. Actually the only ones who deserve seats are military powers, and that would be the US, Russia, China, and Britain. That's enough members...although India might be a good balancing power. At one time France was independent, but those days are long gone, now it's just another American serf. I say kick France out and put in India.
India won't be a good choice as it would furstrate its neigbors. India already lots of issues with its neighboring countries. I would say keep it as it is. The US, Russia, China and Britain are good enough.