I agree. I don't think it's mostly due to a lack of skills as well. There ars skillful and intelligent people in every country. The main difference is in the system. Even the brightest person in the world can't achieve much in a messed up/ineffective system. Look at Elon Musks sucess in the US today and when he was in his home country South Africa. Could he have avmchieved the same level of sucess if he stayed in S. Africa? lol. Similarly even China herself why was China not as successful in the 50s to 70s until the country changed its system completely after Maos passing? We can all agree that if China maintain its maoist policies/system the country will be nowhere as successful as she is today right?There are plenty of individual Indians with skills/education/etc, and that has never been a problem for them. The systemic rot comes from the way they are organized and incentivized (or not) by their government. It doesn't matter how talented your individuals are if they spend all their energy bickering and infighting and undermining each other. And not because they are individually stupid (far from it), but because that is simply the rational choice within their dysfunctional, rotten, system.
This paper touches on state capacity in the context of railway bureaucracy, examining why China succeeded while India failed. Give it a read.