The game has been growing a LOT, valorant is very very popular in India rn (a fact that even I didn't realise until a little while ago). Anyone who's new to pc games, and their a lot of people like that in India rn especially the college gamers are starting with Valorant. If you'd ask around on a non gaming Indian sub about what pc games they play, most would answer valorant.
However the esports scene is pretty stagnant in terms of audience. This goes for all of Indian esports, not just Valorant. Even BGMI/Pubg has stagnated a lot, I believe its because of the overinflation during lockdown. It will probably remain like this for a while until a big new games come out or an Indian team does something unimaginable on the global stage. For Valorant competitive scene and new Indian players tho, signs are really positive and their are a lot of younger people grinding the game which should boost the scene because a small percentage of that population will inevitably look towards the competitive scene. What GE is doing tho rn does no favours to the Indian scene, people will support for a while but will lose interest soon if there's no Indian players because after all who cares about just an org.