The Indian Bitcoin community, which initially had only a handful of people saw a sudden influx of new members following the government’s overnight decision to demonetize certain high-value currency notes. With two of the largest denominations, INR 1000 and INR 500 losing their value, many people decided to minimize their dependency on the country’ legal tender which is subject to the whims and fancies of the government, making Bitcoin the obvious choice. Since then, the country’s Bitcoin community has continued to witness untethered growth.
Read more here: http://www.newsbtc.com/2017/06/04/india-bitcoin-market-scenario/