Wow, So thats another 1.237 billion people in India to add on top of the 1.3 billion people in China. Thats a nice chunk of Earth's population. This will only slow cryptos acceptance.
bitcoin isn't dependant on exchanges u can use it by paying with cash and using localbitcoins.com which will make it almost excursively used for crime in these countries, which is what India doesn't want to happen I assume but they are really dumb