SINGAPORE (Reuters) - Netflix (NFLX.O) leader government Reed Hastings stated that the streaming video corporate had no plans for less expensive costs within the hotly aggressive India marketplace and that an government\u2019s feedback suggesting another way have been \u201cmisunderstood.\u201d FILE PHOTO: Netflix's Leader Govt Officer Reed Hastings delivers his keynote speech throughout Cell International Congress in Barcelona, Spain, February 27, 2017. REUTERS\/Paul Hanna In an interview with Reuters on Friday, Hastings famous that Netflix had 3 payment tiers in India: 500 rupees ($6.90) for a fundamental plan, 650 ($nine.00) for the standard plan and 800 rupees ($11) for top class. The ones costs are simplest modestly less than what the corporate fees in the US. However in India, Hastings stated, \u201cwe see the everyday combine throughout those 3 plans that we see in lots of different international locations just like the U.S., which might point out that we don\u2019t have a pricing factor. As a result of if it used to be, everybody could be at the lower cost plan.\u201d When requested immediately if that supposed the corporate had no plans for decrease costs in India, he stated: \u201cRight kind.\u201d Hastings\u2019 feedback adopted a Singapore tournament the place the corporate offered 17 new unique productions for Asia, together with 9 for India. He stated native manufacturing used to be a key driving force of recent subscribers in India and in other places, however he declined to offer explicit figures on Asia subscriber numbers and enlargement. Netflix introduced in India two years in the past and has gained lovers amongst a tender, tech-savvy center elegance in a rustic the place video intake of a wide variety is hovering. It scored a large hit in July with the discharge of \u201cSacred Video games\u201d, a hard-boiled mystery constructed round Bollywood superstar Saif Ali Khan. Native trade avid gamers, then again, say Netflix\u2019s costs will make it challenging to compete in opposition to home competition like 21st Century Fox-backed Hotstar (DIS.N), Amazon\u2019s (AMZN.O) High Video and satellite tv for pc TV supplier Tata Sky. However Hastings stated Netflix may nonetheless thrive amid less expensive choices. \u201cNow it's true that Youtube is loose, and Amazon is mainly loose, and cable is terribly affordable as it\u2019s ad-supported. To a point that creates a shopper expectation,\u201d he stated. However he added that the price of Netflix in India used to be \u201clike going to the film theater 2-Three tickets a month, however you get to observe much more.\u201d PRICING EXPERIMENTS Following Netflix\u2019s October profits announcement, leader product officer Greg Peters stated: \u201cWe\u2019ll experiment with different pricing fashions, now not just for India, however world wide that may let us develop get admission to via offering a pricing tier that sits beneath our present lowest tier.\u201d That used to be broadly understood to sign low-price plan used to be coming to India. However Hastings stated that used to be now not the case. \u201cIt were given misunderstood as a call that we're going to have decrease costs in India, which isn't one thing we're specifically considering,\u201d he stated. Hastings said the constraints of the present pricing technique in a rustic the place per-capita source of revenue is a 10th of that during the US. \u201cIt\u2019s true that when you\u2019re seeking to get to 1000000000 families, that almost definitely wouldn\u2019t paintings,\u201d he stated. \u201cHowever when you\u2019re all for English-language, English-entertainment families, there's a a lot upper source of revenue.\u201d He referred to as the high-end center of attention \u201ca sensible, sensible\u201d position to start out and that the corporate sooner or later was hoping to focus on a broader target market. Netflix these days has greater than 130 million subscribers international. Hastings has stated the India marketplace may ship the following 100 million subscribers. Reporting via Jonathan Weber; Enhancing via Nick MacfieOur Requirements:The Thomson Reuters Believe Rules.