I am pretty sure that figure is Rs 400k a year. Which is about $6k. That's per year. I am from India and that sounds about right. I have friends in many of the consultancy firms like TCS, Infosys, etc who are in that range. It's obviously for people early in their career but then again, it is $60k for developers early in their career in the US.
http://www.payscale.com/research/IN/Job=Software_Developer/S...