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The "we" you refer to constitutes around 5% of India, less if you restrict it to those who frequent hotels like the Taj. This percentage used to be smaller still a few decades ago. It was, and continues to be, well aware of the quality of our "leaders". It just doesn't have the numbers to do anything about it.
The very well to do rarely determine the direction of a country. The tax-paying middle-class does. We are still evolving such a class. When that class amounts to a significant chunk of the electorate, our leadership will change.
Until then, we will be stuck with the incompetent political hacks who rule over us. In other words, people of the caliber of Deshmukh, Patil, Achuthananthan et al have long bright futures ahead of them.
Bala