There needs to be some discussion between representatives from these exchanges and relevant authorities from RBI/Indian government to sort this out.
These talks are becoming one sided, they are happening from the exchange owners but little response is coming from the RBI/government.
Take a look at this news article
National Startup Day: CoinDCX Chief Posts Earnest Appeal to India’s Govt, Web3 CommunityThey are literally begging the government to take a move, but the other side is only speculating and passing comments. This backward growth of civilization is found in India among other countries but I hope they understand this soon.