Now it is almost dead in India, "great news" again.
As far as I have been up to date with everything, banks in India are no longer allowed to get involved in anything related to crypto, which is harsh, but not the end of the crypto world in India.
I haven't seen anything indicating that crypto vs crypto trades are also prohibited, and as long as that remains the case, people will be able to still deal with crypto. Imagine this leading to more local crypto adoption.
Another thing is that people regardless of these actions will always be able to convert fiat to crypto and vice versa. Once you go crypto, you never go back. It's not only an investment, but also a safe haven asset. Freedom.