But I don't know this is a true or false new,can anyone confirms that the news is true or not?
Size means nothing, also it's a lot more than 132 million...
Volume is everything.
India has rather small trade volume in crypto, to compare:
Australia, 24 million people = https://coin.dance/volume/localbitcoins/AUD/BTC
India, 1.324 billion people = https://coin.dance/volume/localbitcoins/INR/BTC
Even Nigeria has India well and beat = https://coin.dance/volume/localbitcoins/NGN/BTC
I wonder how we would react to that news
"Nigeria bans crypto currency"
These figures can be wrong. Because most of the Bitcoin trading has moved underground, due to the harassment from the authorities. Now the vast majority of the trades are happening through peer-to-peer exchanges or through anonymous websites set up abroad.