Definitely would not recommend this show. Characters are very materialistic. Very obvious no thought whatsoever went into the development of this show which is supposedly for children. Of course the show just reflects on those who developed it.
India is an extremely poor country. The majority of the population earn less in a day than what half of minimum wage is in the United States.
I know it is just a fictional, supposedly for, children TV show. If you let your children watch it just be sure to educate them on how life truly is in India.