i think is very good information if india country ready regulation bitcoin
but is not big impact to bitcoin price, if USA reagulated bitcoin, is very big impact to bitcoin price
because USA super power country, and big exchanger from USA, sample poloniex, bittrex and coinbase
I agree it doesn't match up to the US accepting it.
India is still a huge country and economy though, plus they are hugely keen on storing wealth outside of fiat - gold etc., and spending cash outside of banks. The government has made moves to steer them away from a cash economy in recent times. Bitcoin will appeal to a lot of Indians.