Indian government has to reduce fees for some currency exchange platforms for example 18% fee is high for crypto is very high.Paypal fees also very high when compared with other countries. Rules and regulations for trading in Indian stocks are also very tough which ultimately reduce funds inflow.
Governments want to shut down crypto operations in India while US is trying to get as many meme coins out as they can. 
You cant expect this government who is interested in wasting the taxpayers money to fund their freebie schemes to go forward in technology. I have no idea how the tables will turn but how politics work here, I dont see any short term changes.