In the case that you live in India, it is a good thing since bitcoin is legal there. One of the advantages of bitcoin over fiat is that you can transfer money across borders, you can send money anywhere in the world as long as there is internet there bitcoin will work and bitcoin is not through the control of the bank or any 3rd party. It only takes 10 15 minutes after you send bitcoins, then the other party will receive the money you sent with a moderate cost, fast and extremely convenient.
But make sure that the recipient is also living in a country that accepts bitcoin, otherwise the recipient will have some trouble if your transaction is detected.