Currently at 1.32 billion, India’s population may have already took over China’s making it the most populous country in the world. According to a study by PWC, at least a whopping 233 million Indians still don’t have bank accounts yet.
Where as ironically, India has one of the largest remittance markets in the world with a total value of close to $70 billion. On every transaction, an average user pays up to 15% in bank charges and conversion fees and continues to grow.
And thus Bitcoin provides a solution to India's underlying problems. The digital currency can be used to move money inexpensively across borders within a matter of minutes without ever having a bank account.
Although Bitcoin might thrives in India but not if transaction fees are higher than the living wages. The whole point of having bitcoin in the first place is to transfer money quickly from one address to another with bare minimum fees.
Read briefly about the story : http://www.businessinsider.com/why-bitcoin-could-thrive-in-a-country-like-india-2017-6