India's Monetization Gap: $0.03 Per Download vs $0.20+ Elsewhere

India's app market generates $0.03 per download, roughly one-sixth the revenue efficiency of Southeast Asia and Latin America, despite being the world's largest generative AI app download market. The gap persists despite 25 billion annual downloads and reflects structural constraints in purchasing power and conversion behavior. **Worth flagging:** This mirrors patterns from the early smartphone era when adoption outpaced monetization models by years.