In the announcement the arrival of phone in India was not mentioned but now all the doubts has been cleared...535 has been already posted coming soon in the Microsoft's India page.. Expect in stores before Christmas surely...
Microsoft Lumia 535 Dual SIM - Affordable Phone with Large Screen & WP 8.1 - Microsoft - India
Microsoft Lumia 535 Dual SIM - Affordable Phone with Large Screen & WP 8.1 - Microsoft - India