An iPhone in India for INR 8000 ($199) - I don't think so

According to this article here, Vodafone is making available a contract free iPhone in Italy for 499 Euros! That's about INR 32550.00 So if Italy gets a contract free iPhone for INR 32550.00, how much do you think we have to shell out in India?

So much for an Apple iPhone a day, keeps my sadness at bay!! =(!