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In this day and age almost all golf equipment is manufactured in china purely for cost reasons. An original TM or any other oem product would be the same wherever it was made. The fakes are the problem. Those have no quality control. Products over a year or max 2 old are available for a bargain in the US. 500 dollar drivers are available for a 100 dollars, but those same prices are not available in India. Find someone who can bring you one or two clubs and you will really save a fortune. Bringing a full set is where customs start to get fussy because they want to get bribed for looking the other way.
Be very careful when buying online golf equipment, specially if the prices are unbelievably low. You will find most of them Made-in-China (read FAKE). Go to the details page, read every line, look at the picture with magnifying glass and somewhere it will mentioned that the item has originated from China.
I totally agree with you as far as the latest equipment is concerned. But there is a fantastic difference in pricing the moment u want to buy just the previous/last yrs model specially if u buy it online in US. I had ordered quite a few sets through our US colleagues when i was in UN n the rates were really amazing. BUT the best part is almost all of the equipment we got from US was mfr in china