Another option is proxy holding. You can transfer your coins to a foreign national and ask him to hold the coins for you. But this is a very risky step. Right now I can't think about any other option apart from these.
You have a wallet and you know the seed. Seeds are not in any digital device. Maybe you memorized the words or left clues in your house or anywhere that you only know what those means. How would anyone in the world will know the key and prove that you are holding bitcoin?
I see nothing to be worried when holding bitcoin in fact if you do p2p trade then there are no need to touch any exchange or government agency. You are anonymous.
especially those owned by the Ambani/Adani nexus.
I thought India is a big country with diversity but you are saying the economy is controlled by those Ambani/Adani company/guys? This will be a shame. Of course, they will not like things that could risk their control in everything.
Anyway, I think no one can stop a bitcoiner if they know how to practice their privacy.