The Indian fry bread recipe by Wooden Knife Company listed on Food Network is a reliable, highly rated fry bread recipe. It requires flour, baking powder, salt, warm water and oil for deep-frying.
To prepare the fry bread recipe, combine 3 cups all-purpose flour, 1 tablespoon baking powder and 1/2 teaspoon salt in a large mixing bowl. Add 1 1/2 cups warm water, stirring until the mixture becomes a ball of dough. Place the dough on a clean, lightly floured work surface, kneading it without overworking it. Place the dough back in the bowl, and refrigerate it for 30 minutes to 1 hour. Place the cooking oil in a kettle or frying pan to begin heating it to 350 degrees Fahrenheit.
Lightly flour the work surface again, rolling out baseball-sized pieces of dough and flattening them to 1/4-inch thick. Use a knife to remove a circle of dough from the middle of each piece to keep them flat while frying. Fry the bread in the hot oil until golden brown before flipping sides. Each piece should cook in approximately three minutes.
Remove the bread, and eat it with your preferred topping. You can also use it to prepare an Indian taco by piling cheese, green chillies, lettuce and tomatoes on top.