The honest axis rule
Your axis should make the size of change feel like the real size of change.
If the chart uses bars, start the value axis at zero. If the chart uses lines, you may zoom in, but you must make the range obvious.
Why axes matter
A dashboard chart is often read in 5 seconds. A bad axis can make a small change look huge, or hide a real problem.
For your HackIndia project, the chart should help someone decide something. Do not make your app look better by stretching the scale.