In Western philosophy the term "panpsychism" is the idea that everything has a mind or is conscious (these two terms are widely conflated). At first sight, this view seems to be held by the Indian tradition as well, but it should be kept in mind that the Indian understanding of consciousness is very different from the European one. Even though many Western philosophers have thought differently, our modern, technology-driven civilization takes the physical world for granted and then wonders about the place of consciousness within this physical world. Traditionally, the Indian civilization takes consciousness as the primary reality and then wonders what the role is of the physical world within that reality of consciousness. Related to this in the modern West, consciousness is primarily the consciousness we humans have in the ordinary waking state. In India the primary type of consciousness is the Transcendent, while consciousness as it occurs in the ordinary waking state of man is seen as a limited derivate.
Our global civilization is as yet not only strongly Eurocentric but even from its European past it takes only what fits in its present consumerist pragmatism. It takes the physical world as primary and consciousness at best as an emergent property of individual nervous systems — a position that in the Indian tradition is seen as a typical beginner's error (see for example the story of Indra and Virochana in the Chandogya Upaniá¹£ad, 8. 7-12).
For more detail on the various concepts of consciousness, see Chapter 4-1. Concepts of Consciousness.