India has had trouble shaking the socialist mud off it's boots. Back in the late 40's and 50's huge numbers of bureaucratic make-work jobs were created. A thicket of state and local permits and rules have crippled India to this day. There are few large scale Korean Chaebols - instead there is a frenzy of small shops.
Now all these bureacrats and small shops are a force to be reckoned with as the rationalize production millions of people would be turfed out of their feather-beds and made to work.
Ask any man from India - India will only prosper in the Chinese way if they change.