There is much in way of vagueness in such a question. At the same time, I think that it is highly opinionated and subjective. For my own thought, I would say that there is much to be gained from studying English Literature in India. I say this because the reality of Colonialism and how it impacts the study of literature has to be present in studies of English Literature. To pretend that this political dimension does not exist in the reading of English literature in India seems silly to me. It is relevant to be able to see literature as expressions of political reality through the lens of those having borne the stain of Colonialism. For example, how does Kipling's "White Man's Burden" stand when reading it from an Indian, or darker person's point of view? How does Forster's "A Passage to India" come across to a modern Indian? I think that being able to use the lens of colonialism as part of a tableau about the meaning of English Literature works helps to enhance the understanding of them.