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.
I think they are really planning to make their economy high. As you've said India is one of the countries that hugely keen on storing wealth like gold, if bitcoin was added in that, I think their economy will really pump up. There are many business man and intelligent person here, I know with these amny will investing on bitcoin and will be using it too.