right!
I live in India, and though I do tend to get updates about local startups irregularly, I am still not aware of any good HN like site which keeps me up to date with all the latest activities in Indian startup world.
(Originally http://hackernews.in, but renamed as a result of this discussion: http://news.ycombinator.com/item?id=1913014)
I'll let you judge the usefulness yourself.