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You could do the lacqured trinket boxes or frames. If you can't go to India, I have seen some cute things at Pier and Cost Plus World Market. You can out mukhwas, indian chai bags, sweets, or mints inside. You could do a bowl-the silver or stainless teel ones with a nice design. The ones I have seen are small-no more than 3 or 4 inches wide. The couple wasn't gujrati but the bride was a dancer-so their favors were decorated dandhia sticks The possibilities are endless-it just depends on how much you want to pay.
marigoldsandmithai.blogspot.com just had a post about doing Indian Masala Chai as favors. The idea was to put the dry ingredients in a jar or metal tin with a nice label with the bride and groom's name and the directions to make the chai. Looked like such a cute idea!