Philippines

Hi Venkatesh,
You can choose any country, but more important is the university you choose.
Secondly, don't be misled by agents who promote South America as gateway to USA. Even if you are doing your clinical training in USA along with studies in South America, you will have to crack USMLE to get residency in USA. It is extremely difficult.
In Philippines, very few universities have good standards of education. First, you are admitted to pre medical program of 1.5 years after which you get admission to 4 year MD program but to be promoted to MD, you need to clear an entrance exam NMAT with minimum 40%. Most of the universities are private. You can read about the universities here: http://edificeeducation.com/mbbs-in-philippines
Russia is home to some of the best medical universities in Europe. Some universities have over 100 years of expertise in teaching medicine. These universities facilitate English medium of instruction for international students. Russian language is taught to you from basics though your curriculum is in English. Here is a list of best medical universities in Russia: http://edificeeducation.com/mbbs-in-russia
So, if you need affordable education in government universities, Russia is the best bet.
Admissions are open for September intake. You can register here for free admission guidance: http://edificeeducation.com/free-consultancy
For any further questions, you can always write back.
All the best.