Looks like Google was indeed working on adding seller support to the Indian market when they accidentally updated the support document recently to include India.
The company has now officially launched seller support to Indian developers and publishers. Indian entities can now sell apps, offering in-app purchases and even subscriptions through the Google Play platform.
Users would get payments on a monthly basis directly into their bank accounts. The company said:
If you are an Android developer based in India, you can get started right away by signing in to your Developer Console and setting up a Google Checkout merchant account. If your apps are already published as free, you can monetize them by adding in-app products or subscriptions. For new apps, you can publish the apps as paid, in addition to selling in-app products or subscriptions.
Google further said that they have also added buyer’s currency support for India. So, developers around the world can set their pricing localized for Indian Rupee.