I have gone to the lengths (and failed ofc) of gathering funds to start an ISP to get better speeds/latency. (FYI it takes around 1Cr to set up a small/med sized one)
I hope they actually do something to improve the quality of service as well. TATA, Reliance and Airtel are the only corporations in India that can lease out huge bandwidths to companies, yet their Internet seems to be the costliest (for me; my locality). Contention ratios, however are much lower for them compared to other ISPs (Reliance has the lowest I think) which determines the quality you get. A 5Mbps connection having a contention ratio of 1:10 is much much reliable and better than a 20Mbps connection with 1:50 ratio. Then again, it depends on the number of users for your area.
Our NIB is using way too much traffic for IRCTC and related services, which gets those routes populated. Improvements in routing and infrastructure is also required for an "increase" in "speed", which all makes one think about schemes such as fastlane internet. I really fear that the Indian people won't bother about it and soon we'll all have
"Slow YouTube? Buy our <insert cheesy name> booster plan for Hi-Speed YouTube HD streaming*"
*plans available from 599/- per month**
**speeds subjected to traffic availability - upto 10Mbps
#Max contention ratio - Normal 1:50, Fastlane 1:15