To the extent that's true it kind of works against your argument, doesn't it? I doubt that PC sales look better in India because Indians all have top-of-the-line Alienware rigs.

I don't think it does, actually.

The top of the line rigs are what you need to play new titles on Ultra settings, sold at $50-60+

With hardware comparable in pricing to what you'd find in a console (or using something that doesn't make much sense to mine with, like a GTX 780Ti) you can easily play a 3-5 year-old game at 1/2 to 1/4 of it's original price, which might even be reduced further by -50% to -90% during a Steam sale.