As @elevates pointed out, large volume traders and individuals or businesses who have immersed their feet too much into the crypto space have already moved onto other countries where the regulatory framework is much more favorable or taxation of cryptocurrencies are far lower than India. Interestingly, CoinDCX has been playing favorable to the Indian government since the beginning as they never allow us to withdraw nor deposit crypto which goes completely against the aphorism of decentralized cryptocurrencies
Additionally, It is becoming increasingly difficult for regulatory crypto businesses such as exchanges to survive in our country whereas, businesses which consist mostly of backend work have made India their prominent destination to hire blockchain engineers. WazirX founders, on the other hand have generated tremendous amount of wealth with their false claims and marketing propaganda and it won't really be a surprise if they close the exchange sooner than later.
IMO, if you believe in the potential of cryptocurrencies just like how geeks believed in the potential of Internet in 1990s it is better to take steps and move out of the country ASAP.