As a World English, a New English and a regional variety of English, Indian English (IE) has developed its own distinctive characteristics, especially phonologically, from other varieties of English. An Automatic Speech Recognition (ASR) system simply trained on British English (BE) /American English (AE) speech data and using the BE/AE pronunciation dictionary performs much worse when applied to IE. An applicable IEASR system needs spontaneous IE speech as training materials and a comprehensive, linguistically-guided IE pronunciation dictionary (IEPD) so as to achieve the effective mapping between the acoustic model and language model. This research builds a small IE spontaneous speech corpus, analyzes and summarizes the phonological variation features of IE, comes up with an IE phoneme set and complies the IEPD (including a common-English-word list, an Indian-word list, an acronym list and an affix list). Finally, two ASR systems are trained with 120 hours IE spontaneous speech data, using the IEPD we construct in this study and CMUdict separately. The two systems are tested with 50 audio clips of IE spontaneous speech. The result shows the system trained with IEPD performs better than the one trained with CMUdict with WER being 15.63% lower on the test data.