One good news from this article of :
https://cointelegraph.com/news/tim-draper-wants-to-invest-in-the-coming-crypto-renaissance-in-indiaBillionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigations 2014 Silk Road auctions, Tim Draper, has set his sights on Indias nascent cryptocurrency industry.
On March 22, the venture capitalist tweeted that the Supreme Courts recent reversal of the Reserve Bank of Indias (RBI) ban on banks providing financial services to crypto companies will drive a renaissance for the countrys cryptocurrency sector.
India as the 2nd biggest in terms of population, being positive with crypto might do something positive in with their economy in the future.
What do you see years from now that India will achieve due to this declaration of lifting the ban of cryptocurrency?
To reply to the subject of this thread - No! Under the current government run by a religious party, I don't see India is moving towards development. It is indeed going back in time under this current regressive government and it will continue for few more years till the time this current government stays in power. This government is more interested in building statues and temples, instead of building schools and hospitals.
The verdict of Supreme Court is definitely a plus. But did we see any positive movement from government after that - No. Official documentation has been released by Central Bank. No direction is given by the Finance Ministry so far. So I don't see much hope under this current government.