India is one of the largest countries for crypto If India is suitable for crypto, South Asian countries like Bangladesh, Pakistan, Srilanka will take actions by the influence of India but if India is against crypto, our future related to crypto will become gloomy.
Asian countries have a huge population and majority of the financially upwards countries accepted bitcoin and the new market, only emerging countries and third world countries have no clue on how to regulate the market and they find it difficult to come up with any regulatory framework and that does not make any difference in the global scheme of things.
India is known for being unstable, they say one thing and then it changes and something else happens. That is why they will never be able to compete with China. East Asia will embrace the blockchain, while India is going to lag behind as they always do
Corruption is the major issue when it comes to third world countries and there is nothing good you can represent that they do when it comes to political correctness where the world can follow, even the current Supreme court verdict about the crypto market is being extended for the past one year and i am sure there is nothing positive to come from the current government and with elections in the corner, who knows what is going to happen.