Less protectionist than the previous government. But you can see that recent Air India privatization went to India's private sector. FDI is still limited in key strategic sectors.
Interestingly, the PLI scheme is Indian attempt at state managed capitalism. I'd like to point that out because you seem to admire the Chinese way. PLI scheme is also compliant to WTO norms. But it is against the principles of free market determinism as you may expect
RSS is also big on Swadeshi ideas like Congress. But BJP is more open to Indian businessmen having a slice of the pie than Congress.