No one will bay this in India or anywhere else if the specifications are corect. There are better phones in India for 7000 Rs. For 10000 Rs nothing will match Zen phone 5. The best value /quality/price/user experience is royalty represented in mi3 that can be found for 14000 Rs. Sorry Google you will have to do much much more!
Under $100 to make, but after all the licensing fees and requirements, 65% more?
The ZTE I've been using was $99 retail, though I would've preferred they removed the camera and went with a better processor.