Are you living in an area with bad connectivity and very few providers or just a single provider? Even 8Mbps is a great speed for streaming HD videos. If the high speed data cap is your limitation, then you should consider airtel or ACT. For the last few years, they have had plans that provide a whole lot more for the amount you quote and at speeds ranging from 16Mbps to 100Mbps.
Also, the basic Netflix subscription is only for SD quality, which can easily take off (heck, people have been watching crappy quality videos on 2G for many years). As others have pointed out, Netflix does not need a lot of bandwidth. Of course, the quality will vary, but you definitely don't need a 40Mbps or 100Mbps connection.
Pricing, however, is a huge factor. Having people put in 500 or more a month for a limited set of content is going to be a challenge for Netflix.
Also, the basic Netflix subscription is only for SD quality, which can easily take off (heck, people have been watching crappy quality videos on 2G for many years). As others have pointed out, Netflix does not need a lot of bandwidth. Of course, the quality will vary, but you definitely don't need a 40Mbps or 100Mbps connection.
Pricing, however, is a huge factor. Having people put in 500 or more a month for a limited set of content is going to be a challenge for Netflix.