Seems like the Indian market can still be pleased with its Windows Phone 7, though Windows Phone 8 is already in the production. The Samsung Omina M was released on Flipkart at $178 (INR 10000) in India. The rationale of the late release of the outdated phone may be the success of Nokia Lumias in India of late.
Some of the specs are highlighted below:
*4inch display, 480 x 800 (WVGA) resolution
*120 gm weight
*Windows Phone 7.5 Tango OS
*1500 mAh battery