Are you running in tablet marathon...and you are little bit behind than others.Don't worry you have two nice choice....... 
1st is HCL ME- X1 2nd is Spice Mi-720
Both have very good features and specification.

The ME X1 comes with 7-inch capacitive touch 800x480 pixel resolution display. HCL has provided Android 2.3.3 (Gingerbread) running on an ARM Cortex A8 1 GHz processor, and the onboard 512 MB DDR2 RAM gives it a decent performance. The X1 manages multitasking decently. For connectivity there is Wi-Fi but no SIM slot for 3G, however, you can use 3G USB dongles for internet connectivity.
There's 4 GB of internal memory, which can be expanded up to 32 GB. But absence of Android Market will leave you wondering what to store in the tablet. Though HCL has about 10,000 custom apps at Me Apps, lack of access to Android Market would make you wonder how good the Me Apps Store is.
There are lots of pre-installed applications like Booksonwink,Cleartrip, Bookmyshow etc. with many special offers. Buyers can avail discounts worth Rs. 2,500 on domestic flight tickets booked through the Cleartrip app on Me X1. Similarly, HCL is offering Rs 3,000 worth of discounts on e-books purchased through the Booksonwink and MagsonWink app preinstalled on this tab. There is also a free one month subscription offer on the Hungama app which comes preloaded on ME X1
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The camera is placed on the front right hand corner along with the only button, which works as both a back and a menu button. There is no rear camera, but who clicks pictures from their tablet anyways? The 2-megapixel camera in front seems sufficient.

HCL ME X1 is a 7-inch device, and is quite comfortable to hold. At 391.5 grams, it is lightweight and measures 121.35 mm x 192.5 mm x 12.2 mm. The device has a brushed aluminum finish, and looks a bit different from rest of the 7-inch options in the segment.
The placement of buttons is odd. While the Home button is at the normal position at the centre of the bottom, the power on/off button, mini HDMI port, microSD slot, one mini USB 2.0 and a mic output are below the button, cluttered together. Looks wise, it isn't something to drool over, but what can you expect for Rs 10,500 tablet.
The 3500 mAh battery seems ample enough to run a whole day, but was seen drained out after about 6 hours of usage. HCL claims that this tablet is meant for the Indian consumer as it will get India-specific apps, and is designed with services that are required in India. It's not a bad tablet at all to buy for 10K. Good customer support is guaranteed from HCL, so there shouldn't be any after sales issues. Apart from the slight lag when heavily multitasked upon, the battery life, and the off-center camera placement, this a good second attempt from HCL.
Pros:
Good Build Quality
Runs Android 2.3 GingerBread
Affordable Price
Cons:
Lacks Android Market
No Rear Camera
No Inbuilt 3G modem
Inconvenient Button Placement
Average Battery
The Bottom Line
HCL ME X1 is a good budget Android tablet to buy. Given HCL's country-wide network and support, it would be a good option for those looking for a tablet in a 10K range. There are minor niggles here and there, but they are fixable in a geeky way.

Spice has launched its low-cost tablet called Mi-720. Priced at Rs. 12,990, the Spice Mi-720 runs on Android 2.2 Froyo and is powered by an 800MHz Qualcomm Processor.
The Spice Mi-720 comes with a 7-inch TFT HVGA Capacitive multi Touch Screen display with 800x480 pixel resolution. The tablet can also be used as a smartphone as it carries a GSM SIM card slot The Mi-720 is said to be a “Gaming Device” as it comes with Adreno 200 Graphics Processor and also has 4-Axis Gravity Sensor. The Mi-720 also has 3G connectivity up to HSDPA 7.2 Mbps and HSUPA 5.76 Mbps Data speed. It comes with a 2MP rear camera and a VGA frontal camera, It includes 256 MB RAM, 512 MB ROM and supports 32GB of external memory via SD card
This tablet can also be used as a smartphone to make calls via SIM card. Spice claims that it can deliver superior graphics quality with the addition of Adreno 200 graphic processor. The inclusion of 3G means that you can bag a top speed of 7.2 Mbps using the HSDPA 7.2 Mbps and HSUPA 5.76 Mbps data speed on browsing, mails and download on this tablet. Along with that the connectivity options included in this tablet are Wi-Fi, GPRS with EDGE technology. The Bluetooth 2.1 can be used for wireless file transfer. The addition of USB tethering and Wi-Fi tethering means that you can create your own wireless network. The AGPS added to this tablet provides GPS navigation.
It includes 2 mega pixel camera on rear side and a VGA camera on the front side which can be used for video calls and video chat. One thing I must clearly say that Indian manufactured tablets mostly comes with Android 2.2 and 2.3, the Spice Mi 720 is on the same lines with Android 2.2 Froyo operating system.
Spice Mi 720 adds gravity sensor which goes through shift in position, tilting and other inclination with respect to the earth. This allows users to play games such as racing by tilting the tablet back and forth, left and right.This tablet can perform task like online gaming, downloading multimedia files, video playback, audio player and various other functions. it includes a supported HTML browser with Flash Player for uninterrupted streaming of online videos from YouTube. Along with that Android Market is tip away from downloading various application on your tablet.
The Spice has powered this tablet with 4200 mAh battery. And it with that battery fully charged you would be able to get 7 or 8 hours of battery on a single charge.
Pros:
Decent processor
good Rear camera
3G and Wi-Fi enabled
Video calling
sensors
Cons:
Android Froyo OS
256 MB RAM
Price
The Bottom Line
Spice Mi-720 is also a good budget Android tablet to buy, Spice Mi-720 Tablet features which will disappoint users is its camera. It has 2MP camera which is just comparable with normal smartphones in the market. This shows that the tablet is more for operating uses and not as smartphone.However this is compensated with better features. Overall Spice Mi-720 Tablet price and features makes good sense for young professionals and college students.