X2 I have a couple of Ishapore built rifles and one is as new, and shoots as well as any other brand, with decent ammunition. The other is worn but has a very nice bore. It looks like it went through at least one FTR. It shoots acceptably not better. Like many of its counterparts, it has an over size bore.
Both are very well made and even though I haven't checked, it looks like the parts might even interchange with the other nation's rifles.

The wood on both of them, isn't walnut. Maybe Luann Wood. I don't know, just guessing.

The dollar value on these rifles, is slowly starting to creep up. One of the reasons for lower dollar figures on these are many myths floating around as to their lack of quality control at the plant. Doesn't seem to be true. The Indians made several cosmetic alterations for ease of production on later rifles but nothing that degraded quality.

The big issue with ex Indian rifles is wear. The Indians, didn't seem to have as much "need" to keep their rifles pristine. They used them roughly, in all sorts of border and international skirmishes and the rifles, only got absolutely necessary repairs. For some reason, many of them, will have super clean bores but the exterior of the rifle will be filthy. Probably from long term storage?

The Indian rifles, suffer from all the same problems any other nation's rifles do. I wouldn't feel underprivileged owning an Ishapore built rifle.