Yes it is. Nazi Germany had a collapsing economy, and despite high employment rates (their only claim to success), real wages were collapsing in the decade before 1938, living standards plummeted, to the point where the German people had to live on rationing.
In fact, one of the key reasons for Hitler's policy of "Lebensraum" (living space) is that Nazi Germany was running out of resources.
India is far closer to Nazi Germany than we are. Your economy is shit, with consumer inflation running at double-digits, faster than wages are rising.
Not to mention that, like Nazi Germany, India is most famous for their system of institutionalized racism, the Indian caste system. Which is by far the largest system of institutionalized racism in the history of the world.
Not to mention the fact that your next President is a mass murder, and is nicknamed by many Indians as the next Hitler.
He has already performed ethnic cleansing once.
Though to his credit, he does not claim to be an "Aryan" like many Indians do.