I'm still a pre med here in the US but I've lived in India for 15 years and have many friends over there who have just finished their MBBS...So i have some idea of how things are there at the moment...
Recently the Indian Medical Council (I think that's what they're called) made certain amendments and now it is possible for people from the United States with M.D. degrees to practice in India...The difference is that in India people have to give another set of exams to get into the M.D. program (which comes after MBBS)...this M.D. program is equivaent to the residency period in the US. If you gain admission to an M.D. program then based on your rank in the resepective exam you will get to choose the field you want to specialize in...
If you have already finished your residency here then you wont have to repeat it over there... I am however unsure of the exam part...You might have to take a licensing exam at the most (this is just a guess!)
I am actually planning to do the same thing...Like you I plan to finish med school here in the US... pay off my loans etc and then move to India...
I read this thing in the news a couple of months ago that India is now making it easier for docs from the US and other places to come back to India and practice there ...looking at the state of the country's health system I am not surprised that this has happened....Just think that its a little late and why didnt they do this earlier...
Anyway...Yes you can go back...you wont have to redo your residency but might have to give a licensing exam...
Good luck
