ien2222 :
PSB is definitely one you should look at,
+1 to PSB. Fantastic budget speakers.
However note that, they are usually speakers that require a 4ohm capable amp or receiver to drive them best. They really come alive with power. So pairing them with the correct amp is required.
You should note that this is the wrong place for suggestions based on a budget. You live in India. Price difference is pretty big. A 3000$ speaker system suggestion can cost you upto 5000$ in India - import and shipping costs. So watch your step!
HiFi Vision is a better choice to get recommendations based on a particular budget denominated in Indian currency.
Since you seem like a newbie, here is are a few of suggestions and you wont regret following them.
1. Don't be in a hurry to get your entire system today and now. You can build it step by step and go slow as you save more money. Suggest you stick with 5.1 and later go 7.1. However, get a 7.1 receiver so you can upgrade later. If your room is small, you are better off with 5.1.
2. The fronts make the biggest difference. Get a really good pair of fronts and then get a matching receiver. Always pick the speakers first, then only the receiver/amplifier!!! The reason is simple. Some speakers require more power and some require less power. You wont know how much power they need until you decide which speakers. Dont stick with 300-400$ receivers. It is highly speaker dependent. Get the speakers first and then get someone at audioholics or AVS forums to get you a matching receiver.
(Now don't start reading specs of speakers and amplifiers to find out how much power they need. They are pretty much useless numbers. Just listen to multiple speakers and decide which. After that you can get someone to match the speakers to an amp)
3. The center makes a big difference in movies. So once you decide which fronts you are buying, just get the recommended center for those front speakers. Sometimes you get multiple centers that the manufacturer recommends. One lower priced and another a bit higher. Get the higher one if it is not too big a price difference. The center really makes a big difference. The PSB's really shine here! The mid range on PSB's are really good.
4. For surrounds, don't spend too much money on them. While this does change the experience of movies, it is worthy to note that barely 5-10% of the sounds come from the surrounds. You can get a pretty good surrounds for 20K INR. You dont have to stick with the same manufacturer as the front speakers and it wont change your experience. Bookshelves will work.
5. Subwoofer...well, Tread carefully! You've been warned!!
You are always at risk of not getting enough sub effects. Multiple factors come to play here.
Room size - larger the room harder for one sub to energize it.
Room acoustics make a huge difference. You simply cannot know until you measure it.
If you are looking for multiple listening positions then you need at least 2 subwoofers if not 4.
When you are getting a subwoofer, 2 subs is always better than 1. So if you have a limited budget, go slow take your time.
Also note that you can make subwoofers yourself. They are pretty easy to make and you can get 2 kickass subs for 50K INR. 2 Subs are always better than 1 !!
While SVS is good, Spending 70K INR on one SVS sub is kinda tough especially when your budget is 200K. You are better off making 2 subwoofers yourself. Carpenters are cheap in India and you get Dayton drivers. You can use Crown XLS amp with them. For Less than 60K you can make 2 subs and a 120K budget out of the box would not match! Remember subwoofers are tricky, and highly room dependent.
I would suggest first get one pair of tower speakers and a receiver. PSB Imagine X2T or DALI Ikon are both good choices. Again don't compromise on fronts!
If you are comfy buying from the US and shipping, check this out. They are pretty good for sure!! If I remember it right, RBH had something to do with its design. Which is BIG!
http/emptek.com/r55ti.php
You can ship using Borderlinx shipping service. They have a cost calculator that will tell you what it comes up to. It is usually accurate with less than 5% variation. They are reliable to ship to India. Speakers you can ship without much concern. Amplifier or receiver I would strongly suggest to get in India. Some would suggest to get from US and use a step down. Don't! Get it in India made for 230V and with Warranty. You never know what goes wrong with electronics. With speakers this is usually not a concern.
If tower speakers are a bit too expensive then get a pair of good bookshelves and get 2 subwoofers. If you have someone coming from the US have them carry a pair of NHT Classic three bookshelves.
http/www.nhthifi.com/Three?sc=12&category=3772