I think India is a fantastic place to do a startup right now. Good luck. Sure, it lacks in infrastructure, but I think it makes up for it in untapped markets. There's a lot of room for disruptive technologies to grow within India before needing to compete against the international giants.
Apart from infrastructure, a community like this is also non-existent. As they say, this business is based as much on who you know as what you know. But nevertheless, i'll try to make up for that by following YC-news (and putting things in Indian context). The opportunities for growth in India is HUGE, especially now with overall improvement in infrastructure and growing number of internet users.
Thank you. I'll be posting the progress on my blog.
Currently i'm dabbling with a couple of ideas. Nothing grand; small ideas that might just work. I will take some time to refine them before i pick one and proceed.