It is not clear at the moment whether the Indian government really forbids cryptocurrencies. If that happens, it will be a pity. On the one hand, people who want to trade with Bitcoin simply ... will trade. All bans can be bypassed using P2P platforms with end-to-end encryption. On the other hand, India has great potential. Bitcoin's popularity in India is rising rapidly, and the government, thanks to Bitcoin, can save many billion dollars a year. Legalization would help the bitcoin price.