I live in India and personally believe that India wouldn't face such situation but the points you gave are being followed in India no doubt. But India is growing slowly and steadily. If you compare the corruption chart of previous years from this year you would a great improvement in them. Here are the latest things you should know about India -
1) Government is creating job opportunities for the youngsters
2) India is exporting but importing too
3) Educated engineer are being posted in most of the areas
4) Some points are true of yours but India is working on it
How are they reducing corruption? Venezuela is going to need this very soon...
corruption can be reduced in certain ways or simply hidden.
i doubt that working "jobs" will ever lead to financial salvation.