It's terrible if you're a labourer in India who buys phones under 10k INR (~100 USD) when your salary is 20k INR per month.
Unfortunately there are way more in the latter category than the former, and most of them won't know what ram is. They'll just be paying more and getting less going forward for a few years.
(Source, the salaries and phones I've seen of the staff at office. And we're in a major region you've likely heard of, not some tiny rural village.)