Simply, India isn't ready for the mega-growth ahead of them. Something will have to give in.
Among many, I'm inclined to believe safety is going to be one of them.
The government has not moved fast (legislation, investment in human/material resources to support this forecast growth, etc.) as the private sector wants to, red tape is abundant, the CivAir is miles away from an updated rule-making and supervising establishement, airports are still (in any signs of development), airlines want to grow fast but don't have the full (needed) infrastructure to carry out such a transformation in recruiting, selecting, training, checking, etc..
Obviously, Ts & Cs (housing, living conditions) are something to think about seriously and carefully if one thinks to move to India, but I would leave them alone for now. On a positive note, India has got many more beautiful places than the slums in and around BOM, DEL, CCU, etc., and the massive majority of the population is very friendly.