The most common and most likely answer to this crossword clue is the 5 letter word VEENA
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The straight part
We know that "Indian instrument" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case indian instrument = veena.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
Crossword Answer definitions
VEENA noun- A plucked stringed instrument with five or seven steel strings stretched on a long fretted finger-board over two gourds, used mostly in Carnatic Indian classical music.