Supreme Court has not back down on hunt to crack down cryptocurrency even if the bill isn't yet on their favour yet but I don't think any reasonable company would want to venture into such journey that will make them feel uncomfortable.

As user suggested above, India currenclt government is still battling on raising their GDP. Digital currency wouldn't be their first priority in the first place of 2021, have you check their inflation and poverty growth since last change of government, the growth hasn't declined over time, it's inclining every time.