We have seen similar situations when demonetization of top bank notes happened in late 2016. Now Again Indian markets are trading ~$200 ahead of rest of markets. India sell bitcoins for ~$1420.
I checked India prices here :
https://www.unocoin.comEdit : Another Indian exchange trades bitcoins at ~1460
https://www.zebpay.comIndia is in a hell hole situation now. Their local currency it's collapsing, it's a crumbling economy, an exploding society. Very sad to see, a lot of smart kids in india that could be the next bill gates, but they are stuck in that trap. Hopefully bitcoin helps some people to save their wealth from the bureaucrats.