I have been looking at various academic/industrial research institutes to intern and eventually work at in India, would love to have a nice compilation sorted by votes!
Thinking out of the box, I say work in the U.S. Odds are it your living conditions will be better. That's not an uninformed slight against India, but I think unless you have money in India, it is fairly factual. You can work harder than U.S. citizens in the U.S. and as long as your U.S. English is fairly good, you should go far, if you can find jobs that support your visa or better yet can find someone to sponsor your green card. If you don't have the opportunity to come to the states though, I apologize.
startups from india that can work out of two pizza's & are intern friendly include:<p>hover.in
paisa.com
wooqer.com
tringme
callgraph
voicetap
wingify
muziboo
tenmiles
orangescape
blu
inagist
wisdomtap
touchmagix<p>also see <a href="http://www.quora.com/Startups-in-India/What-are-the-fastest-growing-web-startups-in-India" rel="nofollow">http://www.quora.com/Startups-in-India/What-are-the-fastest-...</a>
, hellointern , sutrajobs<p>~B