I don't think India's economy was capitalistic (certainly not free market capitalistic) when they became independent. In fact, I believe the Indian press discusses the degree to which the economy has been made capitalistic, and the propriety of further development of a capitalistic economy.
Well, I'm not including India as the world leader in economics, but things hardly generated into the sheer ghastliness that is going on South Africa right now when they got their independence. The ANC was supported by the Soviets out of Moscow for a good part of the Cold War, so sadly, some of these people still in the ANC have not changed their way of life ideologically.
The sad thing is that a couple of years ago I took a South African class to fill one of my requirements at school (I'm still a little young). All of the mayhem and murder going on there was not even mentioned once the entire semester (that is not an exaggeration). It was purely a propganda class and I got the feeling that the teacher was avoiding the truth because it would hurt the myths about Mbeki and Mandela. The professor's jaw dropped when I brought this up in the very last session and got tongued tied trying to explain it away.