I found an interesting thread at DigitalPoint Forums that claims that Yahoo! Publisher Network (YPN), the contextual ad program from the Yahoo! Search Marketing guys, is coming to India. Currently, YPN is only open in beta for United States publishers. This post claims that Yahoo! is releasing YPN for India under a different name and is "only available to select publishers."
When is this reportedly coming? In a few weeks, the post says.
I will see what I can dig up on this and readdress this if necessary.
Forum discussion at DigitalPoint Forums.