When a country takes such hilarious and odd decisions then the population suffers. I have seen some friends buying bitcoins for over 900$ its actually around 60000 INR which means around $950 per bitcoins. The demand is more insane for cash deals.
The only truly bad decision was not demonetize 500 and 1000 rupee notes, but setting so short exchange period.
How Indian authorities expected people would react if they get only 2 moths to exchange their old banknotes, of course it will be mass panic.
If Indian government can pull something like that off out the blue then no wonder Bitcoin is the most desired asset in India right now.