Why are PhDs considered 'not good enough' in India ?

As the title says , I have seen a lot of people shitting on PhDs in Indian Institutes for either not being good enough to get a good job or just living off institutes , is it more general than I think it is , because if that's the case , it's pretty moronic , not only are we shaming future researchers and academicians but Indian PhDs are some of the most underpaid unless at some top institutes and don't get enough respect + the amount of harassment they face , ahh ( I have heard of harassment even at top institutes like IIM Bangalore ) . So is it just a cultural history of a people not so academically oriented or is it because they are PhDs in India and somehow Indian Institutes are horse-shit compared to western counterparts ( The same people who shame Indian PhDs , drop praises a page long for Western PhDs , even if he/she has done the PhD from a no-name institution with a fairly new professor and has shitty publications in a journal probably not peer-reviewed ) . Yeah I know Indian Academic research is quite ass to what it should be and there are problems from piracy to literal fake journals , they are much more popular on r/academia but even that is much more of an Asian Issue , where piracy is almost an open crime . If yes , then what should a potential PhD student do in this case to not be seen as a 'failure' by almost everybody ( even some UG-PG students of top institutes look down upon PhDs , not realizing those PhDs also make a part of the overall institute's culture and their prosperity is institute's and theirs too but we don't live in an ideal world , do we ? ) . This goes for almost all discipline from STEM to Management to Law to even Social Sciences & Humanities .

TL,DR - is PhDs being looked down a cultural problem or an actual issue with Indian Academia ?