If you are asking, is satellite TV dead already - then no. You cannot answer this through your conviction & mere speculation.
According to official hard figures, India still has 111M Pay satellite/cable TV connections.
Although, yes, in popular sense, it is rapidly losing relevance in our country. Also, I feel the steepest decline is in HSM key markets like UP, Bihar, CG&MP. In these regions, Pay TV is as unpopular as it could get. People directly get free dish or OTT.
Satellite TV is declining, but it's not dead yet.