Like, chromium with a fresh coat of paint?

Oh you mean chromium with additional spyware?

Like spyware with chromium coated on it?

Unrealistic if it involves a web engine (it might take a long time for any team to implement something) but good for everyone if it succeeds.

Would you say that any browser that uses Blink is Chromium with a coat of paint?

Bureaucracies always do such a shit job with tech. A complete failure to understand the nuance.

I'm not a fan of capitalism generally, but it does have it's virtues - foremost is figuring out whether a project is economically viable. If an indian browser could be successful then it would already be a thing. A competition isn't going to change the long term viability of a project like this.