In a post on Android Developers blog, Ibrahim Elbouchikhi, product manager of the Google Play team said, "Developers in India can sell paid applications, in-app products, and subscriptions in Google Play, with monthly payouts to their local bank accounts."
Another important takeaway from the post was that Indian Android users can now pay for apps in the local currency. The blog post stated: "Along with seller support, we're also adding buyer's currency support for India."
On the growth of the Android platform in India, the post said, "Over the past year, Android device activations in India have jumped more than 400%. In the last six months, Android users in India downloaded more apps than in the previous three years combined, and India has rocketed to become the fourth-largest market worldwide for app downloads."