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 the world's second largest populated country.India legalizing bitcoin would promote more indians to use bitcoins and definitely there would be a great increase in demand for bitcoins,thereby creating a direct positive impact on bitcoin price.