The launch price of iPhone in India is Rs.44,500 and evidently, it will be much more costlier in India than the rest of the world.

Aircel and Bharti Airtel have officially announced that they will be launching the iPhone 4S in India. In addition, they have also announced the prices, which are substantially higher than the last generation iPhone 4. Aircel and Bharti Airtel have priced the 16GB variant at INR 44,500, and the 32GB variant at INR 50,900.
In fact, all Apple products are priced significantly higher in India than in US, Singapore and Hong Kong.
AT&T will no longer offer the iPhone 3GS free with a two-year contract, charging a nominal fee of $1 for the device instead, a move that may possibly prevent fraud.
The Dallas, Texas-based carrier did not give a reason for the decision to raise the price of the 3GS, but the company maintains the device is still available for a bargain.

“IPhone 3GS is still available at an incredibly low price and we’re confident consumers will agree that this remains one of the best deals for a leading smartphone,” AT&T said.
Raising the price of the 3GS to a $1 may take away AT&T’s opportunity to market itself as the only carrier that offers a free iPhone, but it’s still the only one that offers the 3GS. Apple’s third-generation smartphone has proven to still have some impressive selling power, and no other carrier in the U.S. offers the device, leaving AT&T with no competition for those customers on a budget interested in an iPhone.