Rahul Gaitonde, an Indian cryptocurrency investor and investment advisor, told Forkast.News:
“The Indian tech scene is seeing investment from the West across an increasing number of sectors — including in cryptocurrency companies… [t]here’s a growing base of world-class crypto projects being created in India that are inherently global in nature”
I think this is an important point. No matter how permissive or restrictive the crypto regulation in India ends up being, expect growing venture investment in the crypto space in India.
The rest of the article is worth reading.