http://yourstory.com/2016/07/bitcoin-india-2016/
" Bitcoin witnessed a slow beginning in India. However, banks are now acknowledging its advantages. According to an analyst, Bitcoin trade in the country has grown rapidly, at an estimated Rs 500 crore per year, with 50,000 Bitcoin wallets and over 700-800 Bitcoins being operated every day."
Exciting times for BTC and wider crypto adoption in India. So far, the government has stayed out of things.