I don't see the ban having any significant effect on the price of steem. From my interaction with my Indian friends, steemit/steem is not that popular in India just as several other cryptocurrencies. So overall, I do not envisage any significant effect.
To the question in your title, my Magic 8-Ball says:
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Well I pray it doesn't come true, but of it does, north Korea decision didn't shut down the system, so cryptocurrency life will still continue.
I don't see the ban having any significant effect on the price of steem. From my interaction with my Indian friends, steemit/steem is not that popular in India just as several other cryptocurrencies. So overall, I do not envisage any significant effect.