I see a lot of parallels here with the Japanese system. Similarly, the system seems to encourage conformism and rote learning over disruptive ideas and innovation. Similarly, their top universities have phenomenally competitive admissions, even though they are not ranked particularly high internationally. Similarly, many of their systems are characterized by endless paperwork and bureaucracy.

Of course, there are certainly innumerable ways in which the two countries diverge. Japan has been economically far more successful in the last few centuries, and has a very respectable number of Nobel laureates, most of whom have remained in Japan. But I do think a lot of the criticism of India leveled here is applicable there.

(Source: I lived there for a few years and am reasonably culturally/linguistically fluent)