Induction Stove

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Is anyone using an induction stove for cooking, I've been seeing a lot of live demos of these induction cookers, they seem to cost very less and the power consumption is also very less. It is also cheaper than LPG. One doubt I have is that why no MNC is dealing or manufacturing this product in India and if it is very economical and safe to use, why it is not very popular. Any Myloters who are using an induction stove please give your honest comments.