India is a huge market for technologies now but it might be a while before three letter characters takes off.
Would be great for a company a person your 50/50
You could be a millionaire as the rupee isnt that much, think its only about £10,000 to one million rupees (rough estimate folks)
So you would need to just wait until you have a buyer for it, probaly Indian rather than other.
You might get some UK Indians be interested as they always like something from home.
So try and find some wealthy UK Indians and grab there initals if you can, they would probaly lap it up.
Remember there are a lot of rich Indians but a lot of the programmers work for peanuts over there compared to other programmers in the World.