India being on an incidental growth run during which it chose to ignore human capital development, is unable to sustain growth now when the finance led growth bubble is imploding.
https://www.livemint.com/news/india/how-india-s-growth-bubble-fizzled-out-11574004165054.html
How India’s growth bubble fizzled out

The slowdown is not a short-term disruption. What can replace India’s finance-construction growth model?.As the finance-led growth model collapses, India must invest in its future. India will need at least a generation to build necessary human capital alongside more productive urban spaces

No wonder the initiatives to make India a manufacturing hub have failed when we don't have the human infrastructure to sustain it. Education takes a generation to result in higher growth,maybe that's why it has been ignored by the ruling elite as the outcome is not instantaneous.
And those who do make efforts to improve the education system, are unfavorable for the voters because they don't toe the obvious populist line that garners votes.
Hopeless country, are we!