Not sure what you mean by cheap, but IndiaNets do well for me. They use US data centres:
http://www.indianets.com/seo-shared.php
$20p.m. for 10 Class C's or $30p.m. for 5 domains per IP (50 domains). I have around 100 Class C's with these guys (among others) and they're reliable with good service.
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