there is a reason why India lagged behind implementing industrial revolution and internet evolution. I think most of the government employees are not visionaries they just know facts and figures thats it. They all know that bank will fight for their survival in future because of increasing competition in mobile technology and low charges but instead of implementing new technologies like Blockchain into the system what they come up is with higher prices.
Since I started getting into cryptocurrencies I feel Indian policy makers does the shittiest job in the world, their talks about startup India and forming new companies are all rubbish. I mean how could you progress when you are so lazy in thinking about emerging technologies. In 6-7 months a lot technologies will emerge like steemit ... we could see next chrome (brave browser ) next facebook (tron/ robin8 ) but what Indians will do, they all will go and work in these companies get the salaries and push up in their arse.