The Indian government is interested in Blockchain, and expressly rules out Cryptocurrency. Also, since it runs on tax-payers' money, they want nothing to do with established crypto, especially Ethereum, because that only profits a few "others".
Perhaps they might clone Ethereum, and run it as their own Blockchain; or there might be a permissioned Blockchain like IBM Hyperledger that doesn't need any Cryptocurrency, and where access is restricted.
Already there are tensions between the Government and the RBI over monetary policy, etc with emphasis on total centralisation. To expect them to be welcoming toward decentralised, libertarian (anti-national?!) stuff such as Bitcoin and Cryptocurrency is a delusion.
It's not gonna happen at least over the next decade if not more. Consider yourself lucky if your possessions of Bitcoin and other Cryptocurrency are not deemed a criminal offence.
Indeed! And the best thing that made me believe it that few days before i was travelling by train and i heard a group of average aged peoples were discussing on this topic. The possibility of blockchain technology can help in decreasing scams in India. Although it will take a long time but i am atleast happy that India is aware of the blockchain thing and not just like only dealing with cryptos in order to make money/profit like share market.