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Although people do say that it doesn't matter as much in India, I think it's mostly their luck that allows them to say so. Back in 2023, even people who were in the bottom 10-20% of the batch (T-1 NLUs) had multiple offers. This year, even the top 10-20% seem to be struggling so far.
Grades do not define you, but luck does. To a certain extent at least. And it's something you can't count on, unfortunately. I have very average grades in my third year at a t-1 NLU and am insanely struggling finding an internship. My immediate seniors haven't even had 5% of their batch receive a ppo, when the figures by this team of the year would cross 20%. So yeah, hope things turn well for everyone. But nothing is assured, so keep working, and try imrpoving your grades I guess.
Was the second-last batch rank out of those that got placed, and I can't remember the last time that fact was relevant to me or those who work with me. IM very HO, there are certain things that you need to progress in this profession, but the classroom will never give you those (especially looking at the state of higher education in India).