Thanks for this info: so as per your valuable suggestion I am going to buy LG 388/WDTV.
Not can you please tell me what are the cables are required for this connection to get the best of it so that i will try to bring from USA or UK
USA is a better place to buy cables.
A friend and forum member has suggested me HDMI Cable, Home Theater Accessories, HDMI Products, Cables, Adapters, Video/Audio Switch, Networking, USB, Firewire, Printer Toner, and more! for cheap and durable cables . I have ordered from there but cant really confirm before I actually recieve it.
Till date I have used HDMI cables that come along with dvd player . Currently using Sony HDMI Cable . Have LG and a local HDMI cable in stock. Will route everything through avr as soon as I receive my monoprice hdmi cable as my LCD has only one HDMI port.
Audio Cables :
Coaxial Cable supplied when I got the AVR , the same is still working.
Optical Cable : Bought an el cheapo optical cable of a brand called 'valueline' for Rs300 around a week back . Decent product for the price. Intend to replace it as soon as I receive my monoprice cables.