From Amazon’s press release:
Amazon today launched the India Kindle Store on Amazon.com (www.amazon.com/kindlestoreindia) with the largest selection, including the most bestsellers, and lowest prices of any e-bookstore in India. The India Kindle Store offers over one million books, now available for India customers priced in Indian Rupees (INR), including 70 of 100 Nielsen Bestsellers. In addition, customers can now purchase Kindle – the world’s #1 bestselling e-reader for five years running – at Croma retail stores across India.
. . . .
Amazon also launched Kindle Direct Publishing (KDP) for independent authors and publishers in India. KDP is a fast, free and easy way for authors and publishers to make their books available to Kindle customers in India and around the world on both Kindle devices and free Kindle reading apps. New features for authors and publishers in India include the ability to set prices specific for India, as well as receive royalty payments in rupees.
Link to the rest at Amazon Investor Relations
Despite what the press release said, PG couldn’t access the Indian store from the US using the included link when he made this post.
UPDATE: In a comment, the always-helpful David Gaughran explained that you need to sign out of your Amazon account, then click the link to go to Amazon India. As David commented, it’s sort of an Amazon-lite store and appears to be for books only.
You can go to your KDP Bookshelf and set your price for India. However, PG only saw a 35% royalty option for India, even for ebooks in Amazon’s 70% tier for all other countries where Amazon has a store.