Obviously I'd go with Options...
1. Slashed the prices by x%.
The prices are hilariously high here, compared to the States. 96K for the MacBookAir ? As Aayush has rightly said, no amount of thinkness will convince one to buy it.
2. Launched an Indian version of the iTunes Store.
Totally. The music industry is hugely popular here. If the current stores can have tracks from here, why can't we have our own iTMS ?
3. Had a functioning Online Store.
Again, Totally. It is so exciting to see the we'll be back soon sign before they launch something