How to unlock iphone 5 on at&t contract?

I purchased iphone 5 16gb with at&t contract for 199usd in usa.
Now i came to India where i live.
I purchased with contract because it was cheaper than factory unlocked.
Is there a way to unlock it and use in India?
How?

Added (1). Both the answers below are telling me to jailbreak but i came to know that jailbreaking and unlocking are both different.unlocking lets you to use any sim over the world and jailbreaking just gives you access to additional iphone features.
So can someone explain me how jailbreaking can help to use different sim?

Jailbreak.
I think you can do a tethered jailbreak now on the Iphone 5.

You need a jailbreak, and how to do here:

wkr p

You can unlock it with just your IMEI a new SIM and iTunes and some help from these guys: http://gsmunlocklabs.com/unlock-iphone/

it doesn't require a jailbreak and is a permanent unlock.

You do realize that you would still have to pay the AT&T contract right? You signed up for a 2 year contract with them & even if you don't have the intention to use it with them you would have pay that contract for that amount of time.

The iPhone 5 is not available unlocked in the US at this time in any case.

Also you can't jailbreak nor unlock an iPhone 5 at this time. No methods exist.

DO NOT JAILBREAK I LOST A PHONE BECAUSE OF THAT AND LEARNED MY LESSON YOU SHOULD DO AS I DID BELOW.
I got my iPhone factory unlocked at: http://www.iphonefort-mobile.com/. I'm now using my iPhone 5 in the US And when on international business travel. Love it.

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