Indian is not showing good prospect towards the cryptocurrency and they have banned the trading of the Bitcoin as far as I know. But they need to realize the importance of the cryptos as soon as possible as they have the vision of leading IT in the whole world. Some believe that India will launch its own currency.
You're right, for now, the crypto sector in India tooks the fifth place in the world in terms of magnitude and development trends.
Good news are that, although the negative attitude to cryptos is still common many large companies are implementing blockchain technologies in this country on behalf of the state.