Dear All,
Am connecting after a real long time.
This thread has been exceedingly informative, with excellent inputs from many of you, most notably KVSK Prasad. Thanks a lot for the same.
Well, I just read this thread and it seems technology is moving too fast.
I was looking for a small TV and have been recommended to go for LG 22LE5300 LED LCD TV. Would have loved to purchase the 26" one (LG 26LE5300) but the existing furniture wouldn't allow it.
http://www.lg.com/in/tv-audio-video/led-lcd-tv/LG-22LE5300.jsp
Prices seem to have really reduced recently. I am getting this offer from Rs.17,990/- and one vendor is also giving for Rs.17,000/-
It is having Contrast Ratio 10,00,000:1, USB 2.0 port, PC Connectivity, Response time 4 ms, HDMI (ver 1.3 deep colour) and HD Ready. Resolution is 1366 x 768, matching Krishna's recommendation. 2 rear HDMI/HDCP in provided.
I had almost finalized Sony Brevia KLV-22EX300 (http://www.sony.co.in/product/klv-22ex300) but when I asked my vendor he whole heartedly recommended LG 22LE5300 saying it is LED for the same price.
It was then that I read up on LCD v/s LED and remembered this thread 
I would really appreciate your views on whether to go for LG 22LE5300 for 17K. Thanks !
P.S. Little off track, but had wanted to go for LG 26LE5300. But with the stand the height is around 18". My furniture only allows 17" height. The height of the 26" TV without the stand is around 16.5". Any suggestion to making a customized (wodden etc.) stand to mount the TV, so that it fits without the need of the stand would be most welcome.