Netflix has caught up actually. They signed a deal with SRK for global streaming which is kind of big and grand if you ask me. They did screw up on the pricing — in fact the pricing was same for US/UK/EU and India. (did they forgot about PPP & rupee/dollar parity?)
There are plenty of problems with Prime Video if you are an avid user of it like me. The UI/UX is not seamless. The search and categorization is poor. Sometimes even the content description was wrong. Looked like they hastily launched it. Don’t get me wrong — it is still a great product but its UI & experience are no where near that of Netflix. But when it costs only 499 per year, you can’t really complain.