India is a great country with a lot to achieve in the future. India has a very large population (slightly less than China). Traditionally, there are very good IT professionals working in India. Pharmacology is well developed. India also pursues a peaceful foreign policy, maintaining partnerships with the United States, Russia and China.
Banning cryptocurrencies is not the best solution.
It slows down the development of the country.
Liberalization of legislation in the field of cryptocurrencies, lifting of bans will allow India to become a world leader in the creation of new technologies.
India has some good programmers and BPO/Call-center employees. But their quality is not as good as their counterparts in North America/Europe. Anyways, 99% of these employees would migrate to the Western nations, given a chance to do so. The current government is being regarded as business friendly, but it is not easy to resolve red tape and bureaucracy which scares away foreign investors.