Certainly, we should be careful with the kind of person we leak information to that we have anything to do with crypto. Most of these F2F trader could be cyber criminals. And when you see rates that are too good to be true, your instincts should tell you, except you are too blinded by greed to to accept thinking you're making more profit but unknown to you that you might be implicating yourself by just associating yourself with them. When it comes to crypto I prefer to keep my identity private and anonymous for security reasons. Even your closest friend could snitch on you.
P2P transactions from all international exchanges have been a pain in the wrong area. The next option these scammers, black to white, money launder came up with F2F and they got royally fucked. This is the truth, which means following the routine, that is liquidating crypto to INR on a local exchange. I fear we would see some more constipation when anyone is trying to get fiat without getting detected by the government of India.
It's a pain in the back to liquidate. Transactions of low value are still not an issue as we can rely on P2P transactions.
But what if you want to exchange a huge amount let's say 10 lakhs or more. Paying 30% i.e. 3 lakhs is a pain in itself and using P2P or F2F is a risky trade in itself.
We need to have some kind of Indian crypto circle of trusted members in order to solve this issue and who are willing to buy when we want to sell.
This is the only way out of it but you know how difficult it could be to create such a circle from scratch.