This is not effect to Bitcoin price because don't have that much of popularity here and no one know about to Bitcoin details so I think government decision will take long time.
Never say that bitcoin is not popular in India, anyone who watches the news knows about bitcoin, they might not be knowing about it in detail simply because they find it hard to understand, but the knowledge of bitcoin and its existence is known to everyone. The government is delaying its decision because they are not capable to find a proper solution on how to deal with this market. You need to have a innovative and progressive government to make those decisions. 