I don't know enough about how Hindi is constructed to really test this.
in the global script:
###
var_test1 = words नरेंद्र केशव सावयकार more words
var_test2 = words सावयकार more words -- note this is the same as the third word from test1
var_test3 = words नमस्ते more words
###
Displaying these variables in text elements, I get this:
var_test1 : words नरेंद्र केशव साव
var_test2 : words सावयकार more words
var_test3 : words नमस्ते more words
When importing variables from Tasker, I get this behavior:
In Tasker:
###
Variable Set
Name: %test1
To: words नरेंद्र केशव सावयकार more words
WM Send Variable
Configuration: %test1
###
When displayed in a text element in WatchMaker:
{ttest1} : words नरेंद्र केशव सावयकार more words
true and "{ttest1}" : words नरेंद्र केशव सावयकार