Not exactly low cost, is it? In the U.S., you may get the iPhone 5C at $99 with a two year contract, but in India, this is essentially replacing the iPhone 5. The aluminum iPhone 5, with the 'unapologetically plastic' shell.
Consistent performance - iPhone 5 rerun; Good battery life; Built very well; Lots of colour options; iOS 7 has refreshed the "iPhone experience"; somewhat
Plastic over metal? Your choice..; Not exactly a 'low cost' iPhone