That somebody and some other have also mentioned reasons you may want to revisit and ponder...Data is capital and Indian data is not stored in India. Chinese data is stored in China and it is even easier as they are using domestic apps. This is the key that is missing in this discussion. Things like debt ceiling etc make no sense. Somebody brought up koo. Besides having a strange name, why did it fail? I don't know much about it. Why did koo fail? Why did it not gain much traction?
Loose Data Security laws is something about DFB/DFI and others has been shouting about for long, but then this is totally on Govt and IT Thekedaars for lax implementation.