Being from India, I confirm this. Broadband plans cost around that. Mobile 4G plans are around 6$ per month for 1.5GB per day of usage. Though the speeds are more like 3G.
Speed depends upon the place you live. I used to get around 30 - 35 Mbps while I visited Tamil Nadu. On the other hand I hardly gets 1 Mbps speed in my home town.
