Be realistic mate, those prices won't fetch you a VPS.
If you still wish to hunt for 1, here are a few 'Indian' VPS providers
VPS Hosting India, Cheap VPS Hosting, Virtuozzo Free cPanel VPS - UnicHost
India Web Hosting, VPS, Virtual Private Server, Windows/Linux vps hosting
I use these guys - Hawk Host - VPS Hosting
Look at their coupon - Hawk Host - Specials
-m007