Maybe this news is true, but there is more and more people getting into cryptocurrency usage. Another thing more and more cryptocurrency and blockchain related development is happening within India. In recent days TCS, one of the leading IT service provider have entered the cryptomarket. If the government isn't supportive TCS could've never taken the steps forward. Upon this there is very less chance of cryptocurrencies getting banned in India.
So,if there is a cryptocurrency and blockchain technology development on their country then there is only a little possibilities that India will ban cryptocurrency. They have a large number of population and it will be affecting the crypto market if ever.
If ever that these people use bitcoin.
According to some articles, there are a huge number of individuals investing in crypto currencies in India because of the lockdowns or quarantines during the pandemic. The market shows no sign of being affected during the pandemic as it even reached $10K last last month. What are there problems with bitcoin?