How about any 27 inch monitor since it is in my budget
Since it is for PS4, you can consider 27" 1080p. Usually not recommend for computers as ppi seems low for text. VA panels have a contrast ratio but cheap VA monitors aren't good, so IPS is the way to go.
This might be good for you, has 3.5mm jack + speakers:
*www.amazon.in/BenQ-inch-Bezel-Monitor-Built/dp/B073NTCT4R/
Warning, usually monitors don't have great speakers or 3.5mm jack. My friend has a LG 32GK650F. He connected his PS5 to it, but was not impressed by how his speakers were sounding via the jack (volume was low), so he ended up with a TV. Sadly 40" 1080p TV costs 25k, even from Chinese companies.
This seems to be the cheapest Chinese TV from a big enough brand, if you can accommodate a 40" TV:
*www.amazon.in/TCL-100-3cm-inches-Android-Smart/dp/B07KCCWJTP/