I am driving the 2009 Corolla now in US and i am extremely unimpressed with it. The dash is boring, the car looks & feels smaller than the one we have in in India and performance is ordinary. If they bring it in India it will not have a half chance against Civic!
But its not an entry level car like US, so probably they will give it more upmarket look (at least interiors) when they launch it here in August.