Very easy to say 'make strict laws' and very difficult for it to really play out as expected.
The EU can get away with GDPR because the wealthy countries that form the EU, wield 'great power' in World-politics & 'generate a significant amount or revenue' for those Tech companies. When India would do the same thing, it's highly unlikely they would get a similar result.
Look at Google threatening complete withdrawal from Australia after they made a justified request regarding News profit-sharing BUT since Australia doesn't have the same 'clout' and profits for Google as EU does, they are being shown their 'place'..
This is equivalent to saying all 3rd world countries should have strict labour laws with minimum $10/ hour wages, great insurance coverage etc.. BUT in reality you know what would happen— All US, European and Chinese corporations will RUN AWAY from these countries {and in case of China, all US and European companies will run away from there} ( Unless ofcourse,they succeed in getting back the status quo through, what you call 'lobbying' in the US). They won't care about the gloalization b*llsh^t for a moment , once their obscene profits disappear.
Those middle income and 3rd world countries will go in into abject poverty slowly and probably Civil war like instability situations. They're better off currently having $10/day wages and slowly climbing the ladder, tweaking the policies along the way.
All 'great' policy makers like you, really have no idea about how the real world works.
Also, for someone with a European name like 'Erik' ; your knowledge is 'quite detailed' about such a newly-launched,less known Indian platform like Koo, along with information about who is 'backing' it. I guess you take an interest in Indian politics...or you are masqerading as someone else ;)