well i remember it was 2017 when people first started saying India is banning cryptocurrencies!
i also remember seeing articles as old as 2011 where they were saying China is banning bitcoin soon.
so far it is 2019 and none of them have ever banned bitcoin so i wouldn't jump into any conclusions.

for most people this means selling because most people don't want to do something that their government consideres illegal even if it were wrong. many of Indians are holding though because they are aware of the corruption in their country and have chosen bitcoin as their exit plan not just a way to make money.
in the end the decision falls unto you alone.