It should be pretty safe if you do it sort of anonymously; just so you wont run to any trouble with banks and the feds and stuff.

A good choice would probably be using a peer-to-peer exchange if you don't know actual people that buy and sell bitcoin. Try out LocalBitcoins[1]. Just make sure to transact in a safe location.

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[1] https://localbitcoins.com/

Well, I don't think that there would be any serious issue if you are buying/trading Bitcoins on the exchange having KYC enabled. It is completely find as far as you are declaring your income and paying tax on the same.

I am optimistic about the future of Bitcoin/crypto and blockchain in India. I believe that legalizing it would be the single best option to deal with it and I am glad to hear such news.

Roles of Regulators Decided in India, Rules on Bitcoin Coming Soon - Bitcoin News.

There is a suspense and not the fear as we know that we are not doing anything illegal.

there are two things you need to consider for this.
1. the laws not what they say and definitely not what you read on the news.
the laws mean what actually passed as a law not just some article on some click-bait news site or some random comment on a forum. even not something that a government official said. instead you should look for an actual law that the congress passed.

2. whether you care about it or not!
bitcoin is a decentralized currency which is design to be censorship resistance. in other words you should not even care whether your government approves of it or not. if you want to use bitcoin, then get on with it.

Worst case scenario is that your country entirely bans bitcoin, which is unlikely. They are probably going to try to regulate the exchanges and somehow make profits off taxing bitcoin purchases one way or another. And even if it does happen, and you have BTC, you can still easily sell it p2p.

There is really nothing to worry about. Bitcoin exists without any intervention from central banks. Your only risk here is not making a profit by investing in bitcoin, which I think is a low risk if you're looking at long term investments.

To my understanding there were only 2 smaller exchanges that actually went under and most of the major exchanges are still up and running in India, which means that the Indian government has not practically done anything yet. Buy with all the confidence in the world, don't worry about regulation.

India's block chain technology is already very developed!

In India, the most frequently used areas of blockchain technology are transfers, digital identities and payment infrastructure.

The ico project in India may be a good application of block chain technology, and it is worth investing!

The troubles after the doubts have been revealed for the crypto tender in India. Right now it is possible to invest crypto safely in India, after recent adjustments, it seems they will learn from Japan to go in the positive direction as it once did.
https://www.forbes.com/sites/sindhujabalaji/2018/02/06/india-is-not-banning-cryptocurrency-heres-what-it-is-doing-instead/#1c3b21287c6f

I think Indian governament not changed any rule and they are following the same rule from last 2013, Indian finance minister clearly stated that Bitcoin payment mode is prohibited but crypto trading is legal. These media people are spreading some fake news and making people panic that's it.

And one more thing he told they are collecting information from your local exchanges, so if you submitted KYC then maybe you will receive a letter from your governament to pay tax.

They are planning to stop using Bitcoin in their country because it is affecting to there country economy but they don't know how to stop.

If trading a cryptocurrency is legal, but using a bitcoin payment ban, it doesn't really matter to you because Bitcoin is an investment for us and not a payment currency.

The first committee set up by the Finance Ministry to look into cryptocurrency regulations weren't in favour of cryptos, but the second one set up in December and headed by secretary of Department of Economic Affairs is hoping to come up with a proper regulatory framework for cryptocurrencies by the end of this financial year. There is a bit of uncertainty now, but guess there wouldn't be any immediate actions taken and things ahead look optimistic, I would say it is safe to invest. Banning Bitcoin isn't going to be as easy as banning beef