How much does an average game cost in the US? Mostly around $30-$40, right?
But if you do conversions you would find that games here cost something around $40-$60. So there is a distinct difference in pricing. I admit that games are hard to make but that doesn't mean it should be compensated for by keeping high prices on a part of the world and cheaper on the other. That extra cost i guess comes from the import costs. But as long as they come down to the same price at all levels, you would not notice any difference in piracy (although piracy is not the main topic of discussion here, but brought it up because Piracy is rampant in Asia).
Although i must say, game prices have come down a lot now in India as well and can be bough one in every three months out of some students pocket money! Previously when i was a kid, it was one per year and your parents wont allow the next one!