Finally, some good news for all gamers out there, Microsoft plans to launch its Xbox 360 gaming console in India, where an economic boom has boosted incomes and spurred spending.

According to Zdnet story, "...The U.S. software firm aims to hit the market before the Indian festival of lights, or Diwali, when many companies pay annual bonuses to workers. This year, festival falls on Oct. 21...".

Microsoft hopes to offer the Xbox 360 console, its controller and one game for about Rs. 20,000 ($450 approx).

The price seems to be little high as compare to US market.