It's not new that another country make their own cryptocurrency because they have trust issues in bitcoin. India still don't release more information about Lakshmi like whitepapers but in some news they say it will just copy bitcoin, If that's true then I think this coin will have a hard time to make it bigger in the market. And I don't trust cryptocurrency made by any governments
While China tightens its grip on its cryptocurrency community, Japan is openly embracing cryptocurrencies and blockchain technology, legalizing bitcoin, and encouraging and funding blockchain research. i think all countries started work on it to make bitcoin official or make its own official crypto currency and people going to trust it.