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First thing you want to do [which will take decent amount of time investment] is starting learning networks, linux systems and administrations. Because, even if you start with a reseller plan without any tech knowledge, there would be a lot of instances your host will go down and you would not...

Far as i know, indian users would not be able to send money. However, they can receive it provided they withdraw it within 7 days.

How many total slots you have on the motherboard? Because you might need to insert CREAM in the empty slot. BTW, if you didn't know the CREAM is a FAKE RAM stick.

Yes it shall be fine as you are not going to apply for adsense anyway!