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1. CGPA
2. internships
Everything else is just a talking point on your CV that a recruiter may want to discuss (unless you've won Jessup or been published in the HLR). Don't think participation in moots or writing blog posts is going to matter to recruiters much.
Winning an International Moot > Research Paper publication in a highly reputed journal > Top 8 of an International Moot = Winning a National Moot > short piece publication at a reputed blog > Avg performance in a national moot.
Overall, unless you have a great team and good shot at doing really well in a moot, publication has a much better RoI than Moots.
For PPO, placements in general: no single criterion decides anything. It depends on how your CV is overall. But don't think no moot means no job.
But moots are important for honing your communication skills and in general give you more confidence if you participate as a speaker