That is not correct -- Indians had no aim to see British Imperialism replaced by Japanese and the Indian army gave the Japanese a big defeat at Kohima
Also the Australian army was still there to head back home
British holdings east of India may have been lost, but not India or australia
I disagree.
Without the distraction of the US Navy and the US Military, the Japanese would have easily taken over sparsely populated Australia and India would have been the next logical step from Burma.
A certain Mr. Bose and the Indian National Army were not too displeased with the Japanese. (In fact, an international airport has been named after him).