Indian Paneer by itself is way to hard to match the smooth creamy consistency of ricotta. and the cottage cheese tends to be soft & lumpy. You may want to try combing the two (3 parts cottage cheese to 1 paneer (crumbled)) and pulsing the mix in a food processor to mimic ricotta. Better yet.. Make the ricotta from scratch. here's the link to a foolproof recipe
http://food52.com/recipes/11403_creamy_homemade_ricotta
hope this helps
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http://food52.com/recipes/11403_creamy_homemade_ricotta
hope this helps