Most Helpful Guy
He may just be faking it to gain sympathy. Is he Indian like you and if he is, is he a Hindu? I don't actually know how Hindus feel about suicide although I studied for four months in India. If he is a Muslim or Christian he would go to hell and if he is an athiest he would be giving up the only life he has. Remind him of this.
Most Helpful Girl
This is a classic example of emotional abuse. He is manipulating your feelings to control you. Shut him out of your life. I'm very sorry to hear about the risk, but he should be seeking support from his own parents and other friends too. If he does do anything to hurt himself, please know that you are not responsible. You cannot save someone from his mental illness. Only he can do that and probably with professional guidance. (From someone with a diagnosed, serious mental illness.)