This is the male version of the LPG acronym. 'Ladkaa' is the Hindi word for a boy. And 'Gori' is Hindi slang for a Caucasian woman.
Similar to the female definition, this describes a man of Indian origin who favours Caucasian women, and is prejudiced against Indian women considering them to be inferior.
'Ladki' is the Hindi word for a girl. And 'Gora' is Hindi slang for a Caucasian man.
The term is used to describe some Indian women, usually born and brought up in India but who have since emigrated, that have a bias towards for Caucasian men, believing Indian men to be inferior.