Yes, Indian’s can also launch an ICO, and everyone on the earth is free to use blockchain technology legally. Many Indian’s are afraid to launch their own tokens because Cryptocurrency is banned in India. There are many countries including China where cryptocurrencies are banned but still, Peer-to-Peer and escrow transaction takes place.
Withdrawal in fiat still takes place in India, many exchanges such as Zebpay and Unocoin support Bank transfers. So, I don’t think there is any restriction on starting a Blockchain-based business. You can start your own cryptocurrency from anywhere in the World whether its Ethereum blockchain or any other. One obstacle you can face is registration as registration is now compulsory for launching your Cryptocurrency. But this problem can be resolved by registering in some other countries where there are no restrictions on blockchain projects.
Launching an ICO is not enough you need to have a strong financial condition to face challenges for your startup. Making use of blockchain technology is not enough, you should have a big idea behind the use of Blockchain. For launching your own token you need to keep $50,000 to $300,000 aside for promotion.
Funding can be raised if you are an expert in influencing people. An Experienced entrepreneur knows how to raise the interest of investors with launching pre-ico. There are many entrepreneurs out there who have collected millions of funds without spending a penny. But their ideas were strong and the implementation of token was necessary. People will only purchase your token if you can solve their and others problem with your idea.
For starting a successful ICO you need to follow some steps First, make a decision to cross all the hurdles, Second is marketing and campaigning which is the most essential step of the process, third is to create a website with quality development and whitepaper to describe your whole idea.