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If you are from Mumbai, there is absolutely no reason to choose MNLU over GLC.
I know a person who's in GLC who left GNLU and NLUJ for it. Seems to be doing allright so far. MNLU tag sure isn't helping you get a corporate job if I were to be blunt in front of you. (Not in the next 3-4 years)
47k+ don't ever out in the effort. The numbers are often misleading, I tell from experience I haven't seen a person in late 20s crying for they put in the efforts put it didn't convert. The number of people who actually put effort to grab a job is peanuts.
I am a fellow first year at MNLU. I have been eyeing GLC because I have heard they have "better alumni" and a "better internship culture".

I have my eyes set on corporate for now. Does the NLU tag matter so much in corporate?
Its not that easy. There are 50k+ law grads every year in India.
You can just know your basic law and have a decent personality (i.e., not being a jackass), and you'll cut into any law firm. Telling you from experience. Just do the normal stuff well and have some fun in college.