Who cares about India anyway? We survived the exchange ban in China, and IMO any negative government action in India doesn't even come close. I am more concerned about other countries such as Japan, Russia, South Korea, United States and the European Union.
India have huge population and hi tech where people are more aware then other middle east countries. If they ban bit coin that can impact hard on BTC where as if they allow as legal tender than I think BTC will have support from one more country.