Yes, "He is the President of India" is correct!!
Next Quesiton:

Which of the following statements about this dude IS NOT true?
  1. His name is Robert Mugabe
  2. He is now equally sharing power with his Prime Minister Morgan Tsvangirai
  3. He is the President of Zimbabwe
  4. He is pretty much politically leading a full-on Dictatorship
  5. He has been the 'elected' leader for nearly 30 years