In the Windows 10 devices event just concluded, Microsoft announced the Lumia 550. At $139, the Lumia 550 is the new entry level device running Windows 10 out of the box. It is a 5 inch device powered by a Qualcom Snapdragon 210 processor clocked at 1.2 GHz. It has a 5 MP camera and has 8 GB of on-board storage. It will be available starting December. Its pricing and availability in India is not yet known. From what we know, the Lumia 550 is a successor to the Lumia 540 or even the Lumia 640 from Microsoft.
Microsoft is known for offering the identical software experience across all its mobiles, right from flagship device to the entry level device. So we expect the same with Lumia 550. The Lumia 550 will give you all the goodness of Windows 10.