Jugaad does not necessarily paint a shoddy or half-baked picture. May be look at it in terms of a solution to a problem in unique ways by using material and resources available at one's disposal intelligently and more environmentally friendly.
May be instead of Taj Mahal or Konark Temple (beautiful and aesthetic still vanity projects) look at living root bridge [1], a solution to a problem in environmentally friendly way. Some will call it Jugaad and some may call it innovation.
On exploitation it may sound harsh but the biggest exploiters of Indians are Indian. If you go by present circumstances situation is dire with no player left in telecom but one, no player left in banking but few, no player left in retail but one, soon no player will be left in energy with the sale of assets to specific private individuals and the list can go on. It will be nice to follow Kabir's "बुरा जो देखन में चला!" before blaming outsiders do introspection.
India's caste system and discriminatory practices are to blame for its exploitation by its own people and outsiders.
Look at India's financial reforms all back pedaled and thriving banking sector is now marred by non performing assets (NPA) and loans restructured out to make balance sheet look good. Strike of demonetization took away the oxygen out of everyone especially small to medium guys and pumped it into selected few large corporates. Draconian laws of FCRA, use of ED for personal vendetta, non thoughtful reforms and taxes on foreign investment sucked the remaining oxygen.
India's strength is it's unity in diversity and tolerance and whenever it's attacked like it is now by its own people it will suffer.
[1] https://en.wikipedia.org/wiki/Living_root_bridge