All right! Found another phone with same issue. In that phone too, the text was clipped. I guess there is some problem with the phone. Because even popular apps like Whatsapp has got the same problem on that device. The Hindi text was cut same as shown in the images above.
Possible fix for that issue: (if someone gets that n what I am doing now.) I realised that browser shows the hindi fonts well on that. So better make a native app on html, javascript especially for such devices and view the HTML using WebView.The application will get a little slow but we have to do it Until we get the actual problem creating it.
Please note: this is not a solution, but a fix to make that work. Better known as "JUGAAD" in hindi.