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RaptorChrist said:
What are the economics behind releasing a console in a poor country but making it more expensive? Is it all taxes on importing the product into the country?

Wouldn't it be cheaper for someone in India to purchase the console from somewhere else since it's region free.

Generally speaking, things are more expensive is "poor" countries because those countries have oppressive governments.  That means high taxes and tariffs, a need to pay bribes, etc.  

Its not just sales taxes or VAT.  Its big taxes on the fuel used to power the truck that delivers it to the store, the high cost of electricity (due to taxes) to light the store that sells it, etc.