The problem is that out of the 3 main bodies in any country - politicians, bureaucrats, and the armed forces - India has always had a nexus amongst the first two. Although this is much better than politicians+armed forces, it still is a problem. I won't go so far to say that we are descending into a Banana republic as yet; but if the alarming rate at which income inequality is growing right now is not checked, then yes that day wont be far.