Intex has released Aqua A4, probably India's first Nougat based phone under 5K. The specs seem decent, only a lot of people may find 4" to be too small these days. Especially when Android 7.x support split screen multi tasking.
Source: http://gadgets.ndtv.com/mobiles/news/intex-aqua-4-android-nougat-volte-launched-india-1691327
Detailed Spec: http://www.intex.in/mobile/smartphone/intex-aqua-a4/specifications.html
Source: http://gadgets.ndtv.com/mobiles/news/intex-aqua-4-android-nougat-volte-launched-india-1691327
Detailed Spec: http://www.intex.in/mobile/smartphone/intex-aqua-a4/specifications.html
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