A nation that can't control a riot for 7 days is a banana republic by default.
A nation where millions of female fetuses and infants are killed by their parents just for being female is a Banana republic.
A nation of 1.4 billion who could not win any gold in the last two Olympics is a banana republic.
A nation that cuts off internet connection in an area for months then claim all is well is a banana republic.
A nation where the Prime Minister claims ancient people of that land performed intergalactic travel and plastic surgery is a banana republic.
India certainly fits all those definition.
Therefore India is a banana republic.