Indian Android developers can sell paid apps in Google Play store
Google says that starting 18 October 2012, the android devs in India will be able to list and sell their apps through the play store. The developers will be able to receive their monthly payouts directly in their associated bank accounts. The developers will be able to take the advantage of the special tools developed by Google for to monetize their creations. I am quite sure there will be lot of crazy engineers who'll jump on to this opportunity. I expect a rise in the startups that will build businesses around the app development.
In order to list your app in the Google play store, the developers will have to sign up to the Google Developer Console: #-Link-Snipped-# and fill up the form. You'll also have to create your Google Checkout Merchant Account so that you can receive payments directly from Google. You can list your new apps as 'paid' or even offer in-app subscriptions for a price. Of course you can choose any currency of your choice; but it'd be better to list them in the currency of the country from where you expect your traffic. Google's sophisticated reporting tools will show your financial statistics in the currency of your country.
In addition to seller support, Google says that they're adding the buyer's currency support as well. The developers are advised to log on to the Developer consoles immediately and list their items in INR as soon as possible.
Those who have experiences, views, ideas and opinions to share about this move from Google, please feel free to express yourselves in this discussion.