One such example of a party(there are many) is
http://en.wikipedia.org/wiki/Pattali_Makkal_Katchi [From wikipedia] >Ramdoss had earlier worked with the Vanniyar Sangham (Vanniyar Union) founded by him in 1980. PMK is based amongst the Most Backward Class Vanniyakula Kshatriyas community.
Vanniyar is a caste in the south Indian state of Tamil Nadu
Growing up in Calcutta my Mariwari and Gujrati friends were always excited to talk about business. It was clear how their parents encouraged it. I was clearly taught business is a strict NO-NO. Get a stable job and settle down. When I look back, in a class of 60 odd people in my computer science undergrad class 95% "settled down". Only two dared to kick their job and go for a startup.
I do not know if there is a bigger proportion of Chinese/Russian/Egyptian businessmen, but I do know that the amount of social stigma attached to leaving a well paying job to do a startup is significantly higher in India than in most other countries.
If you're an Indian businessperson, you have two options - copy the US and make a good ROI, or risk everything on creating a new product for a potentially better ROI. The choice is obvious - it's far cheaper (and more beneficial) to play catch-up than innovate.
The question is - why is India still playing catch-up?
I don't know that much about India. I'm guessing that corruption is one part. I've heard Indian culture can be anti-business. Perhaps politics are more sectarian than policy-based - they don't vote for a party because it has good policies (or seems to have good policies), but because they identify with the candidates (same religion, caste, region, family, whatever). Democracy doesn't seem to work when elections are fought on sectarian lines.