But having a local technology discussion group might not be all that useless - let me explain.
There are other hi-tech communities in India, similar to HotHardware or Extremetech which are hugely popular in the community (e.g. http://www.erodov.com/forums/gigabyte-ga-x58a-ud9-review-ln2...). So this is not something that is of unproven relevance.
India has a chicken and egg problem in terms of programming intellectual prowess. The community is driven primarily by that which can lay down your daily supper - Java/JSP/VB/ASP . By virtue of the existing tech leadership pool, most innovation is driven from the west. And it takes a long time before the community takes root in India.
<begin rant> I blame the community for it. For instance, it would make far greater sense for the Linux community to try and hold their top level conferences in India - which could very well be their biggest customer base (the west is lost to the fruit seller already). Did you know Dell, HP, Lenovo, etc. sell laptops with Ubuntu/Freedos preinstalled in India (off the shelf) ? </end rant>
Point being, I think India does need a sunrise period for its technology community to be shepherded in. Hacker News is definitely too advanced in its expectation of the community for... say a fresh-behind-the-ears college student in India.
This community might also be too Yank in its vernacular. Yes, there are a lot of Indians around, but we are all comfortable with the vernacular, prefer it even. That is definitely, definitely not true for most Indians who might feel completely alienated (especially the younger ones)
For all the other Indians, torn between feelings of loyalty and betrayal, I encourage to search out and mentor the fledgling community back home - they need your help so that eventually they can come here and start flaming!