Okay.
Their maybe a way to find a solution for your problem, but first as so many have asked you need to provide few more details about the scam.
1. How was the money transferred ? Coz as someone already stated, follow the money and you will find your destination (and that should be easy since he signed a contract).
2. Did you contact flippa regarding the issue already ? If so, what did they say ?
If you sent the payment via Paypal, it might be easier to get the money back as Paypal for Indians take these kinds of things very seriously & a simple call to them would suffice imo.
If you sent the payment via Bank Transfer then you probably have his full account details & as you are suspecting the license he provided you to be real then you also have his address & details (Address on the license is of the Student himself, unless he is staying with his parents/father).
On the bright side, their are allot of collection agencies in India that can collect the money, (sometimes unethical) depending on their share. You can google for collection agencies in India and since he is a student (young), he might get scared easily.
Hope this helps.
-DS