I'm not entirely sure who 'Indu Sarkar' specifically is without more context. There could be many people with this name. It could be an individual known in a particular community, a local figure, or someone with a more personal story. More details would be needed to accurately tell the'real story'.
The story of Indu Sarkar is said to be inspired by real-life events during the Emergency period in India, but it's not directly based on a specific individual.
One popular Telugu full story is 'Panchatantra' stories which are well - known in Telugu literature. These stories are full of moral lessons. For example, the story of the clever fox and the stupid crow. The fox flattered the crow to make it drop the piece of cheese it had in its beak. This story teaches us not to be swayed by false praise.