It seems that the SVG import filter ignores code:
dominant-baseline="hanging"
when rendering text in the placed SVG graphic.

For full details see the following discussion at the Adobe InDesign Forum:

Error in text when placing SVG file
henriettel95062788, Aug 01, 2021
https://community.adobe.com/t5/indesign/error-in-text-when-placing-svg-file/td-p/12221523

SVG graphic is attached to the first post. Or download it directly from the forum:
https://community.adobe.com/havfw69955/attachments/havfw69955/indesign/439638/2/144781.139522.140088.2.2_FILE.svg

Needed font Lemon-Regular can be downloaded from Google-Fonts:
https://fonts.google.com/specimen/Lemon

Regards,
Uwe Laubender
( ACP )