What's wrong with Indian democracy?

I was intrigued the the criticism of the recent movement against corruption (led by Anna Hazare) by a select group of intellectuals. They claim that this threatens to subvert democracy by undermining the politicians, who are our elected leaders. But, what exactly does an elected leader mean in today's India? What motivates a person to run for elections? We all know that election expenses run into crores, and the winner of the election can not recover that much money on a complete lifetime of a politician's salary. So, how can an honest person even stand for an election without going bankrupt? Unless we fix this, we are stuck with politicians who are forced to recover their political expenses through corruption. And once the greed sets in, they don't stop at just recovering the expenses, they end up making tens and hundreds of times the money they spent. So, what's the solution? I propose that we should forbid the election candidates to spend even a single rupee on campaigning. Instead, the election commission should create a comprehensive platform (TV, newspapers, internet, public meetings, debates) where each candidate is given an equal exposure and a chance to put forward their views and positions. All the cost should be borne by the government. Any candidate violating this should be disqualified. I realized that I didn't even know who my elected representatives were. Once I found out who they were, I could find almost no information about them on the internet, there is no way to find out what their views are or what they stand for, or what they have done or plan to do for the region that they got elected from. Hoping for a fair debate between all the candidates in the next election is a distant dream!!! So, even if I do my homework for the next election, I don't think I will have any basis to vote. So, how does it matter if I vote or not? It is not enough to just insist that everyone should vote. We need to create forums where people get information about their candidates to be able to decide who to vote for. Also, one suggestion that has come up is that there should be an option on the ballot saying "None of the above". Given the current state of things, I feel very inclined to use that option until the candidates feel the need to reach out to me and "earn" their vote. Given all this, I think Indian democracy is in a bad shape, and those who suggest that pushing a stringent anti corruption bill (which politicians will do anything to prevent) will undermine democracy, are in complete denial of the present state of affairs. I think once the anti corruption bill is effectively used to punish some of the most corrupt politicians; some more electoral reforms are in place; and some more accountability is introduced in our governance, only then I will accept that the democracy that we have is worth preserving.