50000 is a fair ask for the specifications he is looking for. But he should drop the very idea of 1080p at this price. Now besides that I am using
HP pavilion e034tx that came with 4GB Ram and
i5 3rd Gen. It was very difficult to sustain my needs and would hang a lot when it saw things like Photoshop, Illustrator, and multiple tabs of firefox opened together. But ever since I upgraded to 8GB of ram everything is in a state of bliss (not my broadband though).
I believe if he is a
graphic designer + heavy user (other softwares, browsers opened at same time) he shouldn't settle for ram any less than 8GB.
But if only Photoshop or Illustrator or Corel will be used at a time with not much usage besides them - 4GB would be plenty.
Also there are hoards of
laptops in that price range on
Flipkart. Have a look there. Many only offer Standard Chartered discount but you may get them at discounted prices elsewhere if you don't have Standard Chartered.
Also like some other user mentioned - I have seen people swearing for
MacBook when it comes to anything graphic. Macs just have brilliant color reproduction and awesome display.
So if remotely possible (I know his company would buy it) consider buying a used Macbook pro or air! *Please don't lash out at me for this last advice.*