This looks like an Indian lady with a tanpura. It is by the designers Paoli Bros. and Sons.
More info on Paoli can be found here
Lady with tanpura by Paoli – Reg 904894
The site for everything to know about DURON, Paoli, Nieri and Bacci vintage african black chalkware / gypsum sculptures and figurines made in the 1950s and 1960s
1950s vintage chalkware statues 