This is not a $1 hearing aid and never will be. The material cost of almost any device is insignificant compared to the overall cost of manufacturing, testing, and distributing it. The barrier to low-cost hearing aids in most countries is medical regulation and liability coverage, not expensive parts. Maybe India's regulations are lax enough that someone could bulk-manufacture cheap, poorly-tested medical devices to…
Big market, not super-complex tech, it's only matter of time when cheap solution comes.