I thought I would just tell you about where I live. Perhaps this might give an idea about how to find out how it might work in India.
Here one can only receive money from PayPal through one of the local banks. So you have to go through a whole rig-ma-roll to set that up with the bank//PayPal. You can register with PayPal direct (for payments out), but, to get the money out of that wallet (payments in) it has to be done through a portal at the local bank (as far as I know it's one specific bank has this). I suppose this is because of foreign exchange rules, income tax due on that earning, and, some other finance zone rules (not to mention snoop dog IRS and suspicious authorities). Also, by law one cannot leave money in a PayPal account for longer than 30 days - so you Have to download into a local account. And then of course "they" have you cornered. Bank/PayPal/money changers all take a cut - obviously......