A note on the ICANN website states that India has passed the "string evaluation" phase for an IDN cctld:
ICANN | IDN ccTLD Request From India Successfully Passes String Evaluation
I believe that this is the second of three stages involved in getting an IDN cctld approved.
ICANN | IDN ccTLD Request From India Successfully Passes String Evaluation
I believe that this is the second of three stages involved in getting an IDN cctld approved.