My bet would be the inconsistent quality of fuel in India. The base bike (IDM) is made to run on that variable with cheap EFI (open loop) and meet their emissions. Still way cleaner than a carb. Exports (USA, Europe) require closed loop and CAT to meet their emissions. I suspect many of the performance limitations/compromises of the engine would not be so if the bike only ever needed to run on high quality fuel.
There's no law requring a cat on US bikes that I know of, their is for cars. Still, many bikes have them these days. I'm guessing RE put it on there either to actually meet emissions or because somewhere else requires it. Likewise, I don't know if the PAV is there because it really lowers emissions or if it's just a mandated system that must be there, even if the bike would meet emissions without it.
Smog pumps were required on US cars (not any more) and cats are required now. EFI is not required but it's just way easier to meet emissions limits with it. Also, less maintenance than a carb.
Sidetrack: The Honda CVCC was the last car engine to get by US emissions without a cat, smog pump, or EFI. It basically had two intake systems and two combustion chambers. Really tricky way to get an engine to run clean. After a few years it wasn't quite clean enough and they joined the masses with a cat.
http://en.wikipedia.org/wiki/CVCC#Construction_and_operationScott