India does not like rogue crypto like meme coins, bitcoin without KYC but it has adopted the blockchain really well. Like Polygon has done most of the public ledger work for them. And govt has made sure to take most of the blockchain work with DLT chains. 

SEBI has decided to move the stocks on the blockchain. Settlements and the public records are now going on the chain. 

Early adopters are REC, Larsen & Tubro, IIFL and few other tokenized bonds raising millions and collectively billions are poured into the bonds. Soon SEBI would settle this with the digital rupee. 

This is a pilot and already more successful. As the time goes and the rich and the enterprise start to move the funds into the blockchain based bonds. It would be more strong market siganl for the india on blockchain. 

Which blockchain IBM based DLT and public records on polygon. 

You can check out the official document on this here. 

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