As far as India is concerned I do not find the electricity is cheaper any how here. There are some countries which has very negligible or free sort of electricity being provided. Also cooling those mining rigs is too expensive and thus mining is a bad idea in India.
Did you do any analysis with comparison to other countries? What countries did you compare it to? Did your add the cost of moving to that country and trying to set up in a foreign nation? Part of himachal & Jammu Kashmir has electricity as low as 3 Rs per KW which and those areas are pretty cool...wouldn't that beat 99% of the world's electricity cost and cooling factor?