Yes. The speaker is from the Lok Sabha and elected by members of Lok Sabha.
Speaker of Lok Sabha
The speaker of Lok sabha presides the combined sitting of lok sabha and rajya sabha.
After every General Election, The Speaker of Lok Sabha was elected by voting by the newly elected members. The Speaker should also be the member of the Lok Sabha.
Present speaker of Lok Sabha - Somnath Chatterjee
The tenure of Lok Sabha Speaker is 5 years.
Members of Lok Sabha
speaker of lok sabha
Ms. Meira Kumar is the Speaker of Lok Sabha in 2012.
The elected members of the Lok Sabha elect the Speaker.
Ms. Meira Kumar was the Speaker of Lok Sabha in 2011.
Shrimati Meera Kumar; the current Speaker of the Lok Sabha of India.