Yes, it is quite true that Crypto may get banned in India in the foreseeable future but how that Ban is enforced and if it is enforced is something to consider. I am pretty sure there are some Government Officials with decent brains to know that you cannot completely Ban Crypto just by writing a Bill.
The Government is the one set to lose with this, firstly they will lose the tax money they were getting from the exchanges as well as the citizens. Secondly, the people who still wanna hold crypto will most definitely hold crypto and the government will have a very hard time tracking them. I can say this for sure as the last time they tried to trace such transactions a lot of normal users had their Bank accounts frozen in suspect of dealing with Crypto.
If I have to add one thing that we as users could lose with a Ban will be the Liquidity factor. We won't be able to simply cashout our Crypto whenever we like. So yeah that is gonna be a bummer.