Not sure how that might work. I'm unaware of any foreign companies hiring in India directly. Or did you mean something different?
Many organizations employ "knowledge workers" remotely and have a distributed force, so that your geographic location does not really matter. However, your geographic location may be a problem in terms of "time zone" as not all organizations or jobs are fine with asynchronous communication. You may need to have some or complete overlap in time zones.
Have you considered working for an employer who is not based in India for a job you could carry on without relocating? We are exchanging via the internet, after all.