This small Indian Webley is not new. They have been making that revolver there for a long time. I bought a used Indian Ordnance Factory Inglis-style High Power a few years back, so I looked up the pistols they were making at that time. It was this Webley style 32 Long revolver, the High Power, and a 32 ACP automatic called the Ashani. The Ashani is a mix of the FN 1910 (recoil spring wrapped around the barrel) and Colt 1903 (internal hammer fired).
As I understand it, India outlawed the importation of foreign pistols for civilian purchase back in the 1970's, so the only guns Indian civilians can buy are the Ashani and the Webley, or the dwindling supply of foreign guns imported before the ban. Because of that, factory can charge Indian shooters an outrageous price for these guns.
What would be new would be if the Indians decided to export these guns to the US. Presumably the free market price would be much lower. The Webley revolver and the Ashani automatic would sell only on novelty value, IMO. The Inglis High Power copy would have been a good thing, but they seemed to have stopped making it (see below).
Mine is excellent; it is accurate and has very good trigger pull despite still having the magazine safety installed. It is possible the previous owner tuned it up, but I can't tell. There are no signs I can see just by field-stripping.
This is a link to the website of the civilian arms division of the Indian Ordnance Factory Board:
https://ofb.gov.in/product/products/category/civil-trade---arms-details
They seem to be making several varieties of Webley 32 revolver, two versions of the Ashani, and an S&W 22 J-frame size revolver in 22 LR, as well as some rifles and shotguns.
All this is meaningless, of course, unless they are going to export them to the US. As far as I know, all they ever exported here was one batch of about 400 (give or take 100) of the Inglis High Power copies about 20-odd years ago. BTW, the High Power copy is no longer shown on their military weapons website..
PS - If you do a search on YouTube for India Revolver Shooting, you get a variety of videos about the Webley 32, the more modern style 22, and airsoft pistols.
Someone wake me up when they get to the US. 
