Many Indians reading here will agree that spending around Rs. 25000 (~$550) for a gaming console is foolish. Not that they know the advantages of it, but most of them are reluctant to take up console gaming. And to change this perception, Sony will be launching PS2 which will fill up the Indian and Russian market in the coming months as an entry level console. Pegged at Rs. 6,990 ($162), PS2 Slim will make a perfect gift for Diwali this year. And that’s not all. PlayStation Network will also make an entry in India as soon as the payment gateway issues are sorted out.

[Via Engadget]