you can go for any linux based webhosting service which are cheap compare to windows based web hosting solutions

Believe me cheap is not always best, say you are earning $5 from your website per day, now if your website is down for 12 days per year you are going to loose $60 , not only that your website will also loose credibility

if u r asking for free web hosting then i might suggest as yahoo geocities as the best. though then it will not be on commercial purpose.

Although it is difficult to said which is cheap and best hosting in india, as no one has the experience of all web hosting companies, but I myself has used some webhosting companies and found http://www.ewebguru.com/ has the best plan in industry, their rates are very competitive and their support is also good.