Indian ethos refers to principles derived from ancient Indian texts that focus on spirituality, balance, and character. Key aspects of Indian ethos include seeing the divine in all people; maintaining equilibrium between desires and desirelessness, and between the spiritual and material; balancing personal and work life; connecting to a cosmic consciousness; and emphasizing strong character over knowledge. Indian ethos is relevant in management as it can create strong employee relationships, avoid conflicts, and promote balanced values through an ethical and spiritual approach.