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
India is a huge country that can have a significant affect on bitcoin. There will likely be investors in that country wanting to buy some and potentially new businesses developing from that country. The more people that demand bitcoins, the higher the price will likely go. The same could be said for the altcoins.
Eventhough india is a huge country but I don't think people in their place have the full education about bitcoin which could litteraly bring whole country to be progressive due to bitcoin implementation. They should gain enough knowledge to know more about digital currency in order to develop a lot of interest on this type of system.