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Indiblogger says on "mystats"
"You don't have a Google Pagerank as yet. That's ok if your blog is new, Google updates Pagerank every few months. If you've been blogging for a while, you should try and get some relevant links to your blog."
However, my Google Pagerank is 3.
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Well, looks like Google pagerank had been updated recently. In fact, I have got a google page rank of 2, it had always been '0' except for a month last year when it was 1.
Maybe indiblogger will take the update when it updates the indirank
I believe if you incorporate Counter on no of page hits, that itself will be a revealation dear, why bother about ranking ? 
Check out mine http://indiabackpacker.blogspot.com/
I don't bother about ranking. However, if nothing is there inspite of the presence of something... it seems a ghost has appeared... 