Either way along the North-South axis is where Taiwan's livelihood lies historically.
Why did you assume this Taiwanese flag design was related to India? The flag of Ireland is also of this color combination. As a matter of fact, it was Ireland's independence movement that inspired the first wave of Taiwanese political right activism in the 1920s. The movement eventually succeeded, culminating on April 1, 1945, where Taiwan gained seats in both houses of Japanese Diet (Parliament.) From that moment on, Taiwan was unequivocally not a colony even in the legal sense. That was a historical moment for Taiwan, because for the first time in Taiwan's history, Taiwanese was equal to anybody of a modern state. The same political right and status as a a citizen of a modern, sovereign state.