Even then I would not do this without clearing it with a lawyer first. You could still end up at the wrong end of a lawsuit that you'll have to defend in India.
There are numerous legal/accounting specialists that protect businesses and investment decisions. We already won't serve _any_ content to IN networks as business policy... so are unlikely to ever have to visit with the cobras.
Have a gloriously wonderful day =)
Not serving means there is already no content. That is different to serving 100TB of 404 content from clients that will never stop.