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.
Russian programmers highly appreciate the professionalism of Indian programmers. Bureaucracy is a disaster for many countries ...
Now we are witnessing a departure from the principles of globalism. The USA, EU, China, Russia, India are focused on developing their own economies. India and China have a great competitive advantage with their large populations. If the country has 150 million people, then it is unprofitable for it to produce products for domestic consumption, because the domestic demand for these products is low.
It's another matter if the population of a country is more than 1 billion people. In this case, it is cost-effective to build factories, plants, create your own operating systems, etc.