ThandaMilk
Club Captain
Also not to mention that they have to sell it for next to nothing in the Indian market, I think it was around 7 US dollars last time. I don't know who made that decision but they should be fired. Id rather not sell my product then sell it for such an insultingly low price (which they pirated anyways)
Rs 450 is actually more like 65 US dollars in terms of purchasing power parity (1:7); converting the absolute price of a product or service based on exchange rates is fallacious.
PPP provides a framework for a more apples-to-apples comparison, and basically implies that in terms of buying power 1 USD equals 7 Rs. So, they didn't sell it for next to nothing - they sold it for a relative price (around USD 65) that is higher than what most PC/Console games in the US are sold for.
Was a smart pricing strategy IMHO. And the relative price was not much different, rather slightly costlier, compared to the price elsewhere in the world.