Interesting news. It is good that India has created a lot of decentralized alternatives through Polygon, so they aren't completely excluded, though I do wonder if any of these are main onramps for anyone in the country or if local exchanges still serve as the main onramp.
Local exchanges were preferred, but after 30% tax, and 1% TDS was implemented, people started to prefer overseas exchanges like Binance and rest as mentioned in op.