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.
Yeah I think this cant give much affect on the cryptomarket but we have to consider the population of India that can be a good market in the future. Every country will matter for me cause I believe if they accept bitcoin some country may also think to fully accept it, who knows India can become a huge volume of user with cryptocurrency.