India somehow had stumbled and took a turn towards the Hindu right wing majoritarianism/ultra nationalism. It has certainly caused long term effects, the pace of reforms has slowed down considerably. Major policy decisions seems to be stuck in limbo for years, for example regarding Walmart: atleast for 10 years Walmart trying to start retail operations in India, but government hasn't given clarity on policy. Similarly in many many other fields and subjects there has been policy paralysis for last 10 years if not for more.

Not to mension the amount of repression etc the present ruling party indulges in..

15 years ago India looked like it would evolve into a country and society with liberal western values, but it hasn't made progress in recent years, but rather it has regressed.