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Among most LI users, yes. Bulk of the students can't care less about those.
The only college that seems to give any damn about these rankings seems to be NLU D. The fudged up rankings seem to be the single source of solace for people to lay claim how they are better than NLS-NALSAR.

I don't blame them. Symbi has already been declared to be better than NALSAR. Savitabai better than GNLU. So obviously these colleges will swear by NIRF and obviously it boils down to low self esteem. The truth is your individual mettle matters more than any ranking. You can become the best while coming from a low ranked college. And if NIRF has established anything it is that its rankings are a sham.
I see this kindly among students of Nujs , gnlu and hnlu. Because they are ones who usually have a high risk of getting replaced by colleges below them. I mean NLS or nalsar will

Never be insecure about their rank