For the EU, the controlling technical reference for your question is found in EC Regulation 206/2009 and the other related regulations such as EC Regulation 136/2004.
I assume that 'Indian Chips' are a recipe containing potatoes (kale, bananas, and other foodstuffs qualifying as 'chips') which have been fried in oil (e.g., sunflower oil) and other spices and oils which have been cleared (e.g., paprika, pepper, chili powder and so on). That the chips have been processed and packaged for commercial consumption. And that they are similar in form and nature to the 'Indian chips' already being sold in the EU exemplified by these...
Briefly, if you are carrying small quantities of food supplements that are packaged for the final consumer then yes, it's OK.
Please also see: Importing home-baked cake into the EU
Note: the UK's implementation of the EU regulations are here. It's written in end-user language and easier to read for some people.
Note: although there is a ban on potatoes in the EU, this refers to raw, unprocessed potatoes. All of the restricted vegetable products originating in India refer to raw, unprocessed foods...