As of the end of July 2005, Technorati was tracking over 14.2 Million weblogs, and over 1.3 billion links. The blogosphere has just about doubled again in the past 5 months, and that the blogosphere continues to double about every 5.5 months.
A new blog is created about every second, there are over 80,000 created daily. About 55% of all blogs are active, and that has remained a consistent statistic for at least a year
Blog Growth rate source: BBC News
Indian Population Growth rate source: India Population Clock