Probably not at all. Still worth reporting and talking about. It's not okay if the US or India or any other country does it. I'm not happy that most comments here are so resigned, "well, yeah, everybody does it".
Worth talking because there are still people who argue that TLS and HTTPS is hassle that is not needed.
You do realize that they are talking about "https" and "tls" trafic , do you ? The only use i see for those protocols is to identify you.
India is neither a 'Nation of creed' like US or a National-Security state like Russia or Pakistan. It is a nation of insurgencies though, so look elsewhere if Privacy to holy to you, cause it ain't going to be India's forte.
It's probably not as bad as what the USA is doing today...
As many have mentioned, this is probably very common in every country.
But there is always the next target(s) to go after, to keep in check, in a pop culture sense. So one way is to see this (article and this HN post) as a hit piece.