Or they are just looking for alternatives to the world reserve currency US-Dollar. Most countries in this region are highly depended from the politics of the Federal Reserve. We are seeing in China what a deep impact it could have to an economy when Fed announces to increase the interest.
All this shows is that they're obviously worried about the potential of bitcoin. And if anything is going to 'put the countrys financial ecosystem on its head' it will be the banks of India that print their own money on a whim.