I think that for India, as an emerging market, the adoption of the gaming subscription model is quite a difficult process. As you rightly pointed out, the income level in India is significantly lower than in Western countries. According to https://gamesroid.com/subscription-based-gaming-in-india/, for many Indian families, even a small fee for a game subscription can be a big burden. While in the US and Europe, people are willing to pay for a subscription because it is often cheaper than buying each game separately, in India this may meet serious resistance due to financial constraints. However, it is worth remembering that India is a huge country with a variety of needs and interests. The problems with subscriptions can be solved by adapting the tariffs. For example, Netflix has long introduced cheap tariff plans specifically for India, which allow people with different income levels to enjoy content without serious financial outlay. And the same can be expected from gaming services.
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