Unsoundness of Mind (Schizophrenia qualifies as one) is a ground for divorce under the Hindu Marriage Act
13(1)(iii) 1[ has been incurably of unsound mind, or has been suffering continuously or intermittently from mental disorder of such a kind and to such an extent that the petitioner cannot reasonably be expected to live with the respondent. Explanation.- In this clause,-
(a) the expression" mental disorder" means mental illness, arrested or incomplete development of mind, psychopathic disorder or any other disorder or disability of mind and includes schizophrenia;
(b) the expression" psychopathic disorder" means a persistent disorder or disability of mind (whether or not including sub- normality of intelligence) which results in abnormally aggressive or seriously irresponsible conduct on the part of the other party, and whether or not it require or is susceptible to medical treatment; or]
In addition to this your wife can file for annulment within one year of coming to know about your illness, on the ground of concealment of material fact.
If your wife does not want to continue, it's better to give her mutual consent, so that you can part away with least acrimony.