In India, when you loose a phone, you buy a new one ... often a less costly one. No one ever even thinks of trying to find who stole the phone.
So, at purchase time, an iPhone isn't an expensive phone. But, if you have to replace it off contract, it's very expensive. When it gets stolen, that $200 phone suddenly becomes a $600 phone, which probably leads people to more drastic action, like following criminals to their homes.
If you can't afford to replace it, you probably shouldn't have bought it.