Some Indian e-commerce platforms have started recognising the digital currency as well. FlipKart and Amazon are already giving customers the option to convert Bitcoin into regular currency and purchase goods with it.
So there is huge demand and this can cause some problems in future so caution is needed when investing as any moment govt or RBI may ban it.
I don't see anything wrong about the Indian exchanges getting up some huge support from its servicing country. If there is anything about it, it is good news and it only stems out into other different positive events such as more and more companies would soon start to recognize bitcoin fully and might integrate them into their system. If the government sees a huge demand about something, the first impression of those who are seated is to study it and issue warnings that it can be another fad just to fade; regulations would soon follow so as to ensure that fraud is minimized if not completely stopped. Good for Indians since they are seeing a huge adoption on the cryptocurrency and companies are only following what's the trend after all so there's that.