Hey,
Thanks for all the suggestions.
I found the following for my use case:
1. http://vimeo.com/musicstore?license=cc
Please use the advanced filters near search box for choosing the license, instrumental option.
2. http://dig.ccmixter.org/free_music
Please use the advanced dig option there for choosing the style, instrument.
3. http://incompetech.com/music/royalty-free/
You can choose genre and feel there.
Some cool clips there. You can browse by tags to find more genres and instruments.
5. Audiofarm.org
Frederick, it will be a good idea in general to create and release Indian music under CC. There is a severe shortage for such clips. But, I do not need anything in particular at the moment.
Thanks,
Ravi