Explanation:

OK lets start with having a look at other options.

1. Monarchy : A government in which the supreme power is lodged in the hands of a monarch who reigns over a state or territory, usually for life and by hereditary right; the monarch may be either a sole absolute ruler or a sovereign - such as a king, queen or prince - with constitutionally limited authority. We had it before and it didn't succeed. Eventually a weak ruler is born into a dynasty which leads to its collapse, afterwards there is anarchy which is not at all cool.

2. COMMUNISM : A system of government in which the state plans and controls the economy and a single -- often authoritarian -- party holds power; state controls are imposed with the ELIMINATION of private ownership of property or capital while claiming to make progress toward a higher social order in which all goods are equally shared by the people. Considering the current scenario of political parties working for there own benefit, and considering the non competitive environments, it would have been a disaster. We would have been worse then DPRK. Even CHINA had to welcome capital in the form of FDI to save its economy. The best example to see is that of USSR, the condition of Russia economically, when Soviet broke was disastrous. This kind of government looks good only in theory.

3. Federation : A form of government in which sovereign power is formally divided -- usually by means of a constitution -- between a central authority and a number of constituent regions (states, colonies or provinces) so that each region retains some management of its internal affairs; differs from a confederacy in that the central government exerts influence directly upon both individuals as well as upon the regional units. UNLIKE America, there is a vast difference between the cultures of the constituent states in India, and every state likes to be free of domination from the centre. We have seen it, in the form of Bodos and all. If India had been a Federation, we would have been divided until now.

4. Dictatorship - A form of government in which a ruler or small clique wield absolute power (not restricted by a constitution or laws). No reason to say that it would be Bad.

5. Theocracy - A form of government in which a Deity is recognized as the supreme civil ruler, the Deity's laws are interpreted by ecclesiastical authorities (bishops, mullahs, etc.); a government subject to religious authority. Considering the sheer numbers of Fake Babas and Fakirs, this has to be a NO.

I guess I covered most forms of government. Other forms like socialism, presidential, confederacy are SOMEWHAT similar to these basic Ideologies.

Hence the most exquisite form of government for India is none other than Democracy. I know it seems bad, but trust me it would be worse otherwise. Although a Republic form of government sounds similar, but the problem with it is that there are a few set of people called senators, who elect the representative. But with India, there is a question, how can we know to elect people who will elect the one for us. Hence it is the only solution.