Out of those 1.4 billion a fraction earns recorded income, and from those only 1% earn above INR 50000 INR (or 665 USD) per month (even that is not enough to game and run a family, so actual Indians who can actually afford gaming as a hobby would be much much lower
In comparison, 50% of UK (with recorded income) earns 3617 USD per month.
As mentioned earlier, at the current price point of games, India will never be the target market. Mobile gaming is where India can be a big market…console and pc gaming, nah.