Moto E 1st Gen - Rs.4,999 (Rs.3,999 if you have a old phone lying around in working condition. I exchanged a Nokia 5233!)
Pros:
Stock android build. 5.1 Lollipop on the works
Decent screen
Mostly lag free for any regular use
Good battery life
Cons:
Low internal user memory (~2.2GB)
Poor FF 5MP camera
Infocus M2 ~ Rs.4,999
Pros:
Screen
Camera
Performance (For the price)
Cons:
Huge front bezels!
Unknown company
Android one phones(~4,800-Rs.5,500)
Pros:
Stock android with upgrade to 5.1 Lollipop
Decent performance
Cons:
Smallish battery
Poor camera
Low internal memory
Service issues?