I've seen several like it over the years, but don't ask me for specifics. I'd say, pretty confidently, that its a eighteenth or nineteenth century Indian copy of a British style, so probably made for one of the princely states, either in India or the UK but probably the former. Imitation being the sincerest form of flattery, it was quite common for Native States to adopt bits of British uniform. The Afghan Army actually had a kilted regiment at one point!
Here's a link to a particularly fine example from Gwalior: http://www.nam.ac.uk/online-collection/detail.php?acc=1952-06-4-1
And here are three more examples: http://www.jbma.com.au/militaria/default.aspx
These are clearly higher quality and made for British Indian forces, but the principal holds, I think. Yours may be intended for cavalry or even artillery of one of the raja's armies. Quite rare and, I should think, fairly valuable if you can get a clear identification.
I'll poke around and see what I can find out.