In the recent times, I don't remember anyone from India getting reported for suspect bowling action. But in the past, we had quite a few. There were a number of promising bowlers (both pacers, as well as spinners) whose career ended as a result of getting reported for chucking. And nowadays, the decision is being made with the help of technology. If the bend is more than the allowed limit (15 degrees), then the bowler is being told to rectify his action. It is similar to DRS. No one can claim that technology is helping one side and negatively impacting the other side.
In India, I don't remember any world-class players falling victim to this rule. yes, there might be some promising players who might have had the worst of this. But not the players who are already playing really well.
I am obviously not saying that this is because of some advantage or anything. What I am trying to say is that they are probably working really well right now and that's why the players are already playing with good action.
If this is because of the reason that BCCI is testing bowling actions in its 38 domestic teams then its a good approach. By this approach none of bowler with illegal action can make it Indian team. I don't think ICC has courage to suspend any of top Indian blower because of BCCI role in ICC matters. Still top bowlers from small boards are reported.
I think you made a really good point that ICC is not going to report top bowlers of a country that is paying them really well. the top bowlers from small boards are supposed to be reported because they don't have that important role in ICC which is paying them really well. I think that is why probably the bowlers from the top cricket-playing nations don't get reported very often.