Why is the price of iphone 4s so high in India?

We have to pay 80,000 to 90,000 rs. or $1800 roughly for the 16gb version. We love apple products and want to buy them but at this price it is impossible for us to buy.

I don't know where you're getting your pricing, but I'm looking at the Aircel web page right now and they show a price of 34,500 for the iPhone 4.  That's roughly US$693. Not too far off for what it cost for an unlocked iPhone 4 in the US prior to the release of the 4S. My guess is that the 4S hasn't been released in India yet, and the prices you're seeing are for gray market phones brought in from other regions.
Why don't you just wait for the official release or ask either Aircel or airtel how much it is. There are NO other authorized sources for iPhones in India.

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