Apart from the fact that the Indian government strongly discourages the use of cryptocurrency, the spread of this sort of news about cryptocurrency exchanges shutting down can still stir up fear and more skepticism in individuals who were already considering giving cryptocurrency a try regardless of the strong government opposition to it in the country.

For you a member of bitcointalk, who knows better and well informed, If you are in India, you should take it upon yourself as a duty to educate anyone you come across that is aware of this news and find it discouraging that they are better options for them in terms of an exchange if they are still interested in cryptocurrency and should not give up. Your little efforts can have a great effect, do not underestimate it.