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phd makes you overqualified for most situations and may have a negative effect, people would call you professor sab in jest (esp when you do not teach)
I will say this for the last time ,so it ▮▮▮ .

ONLY DO AN LL.M. IF YOU WANT TO GET INTO ACADEMIA.

Law is a practicing profession, get in the trenches, stay there or get out. Experience will always triumph degrees.
This is not the right place to ask this question. Ask your peers, parents, seniors and well wishers. Not any anonymous being
shelling out 4-5 lakhs just for a linkdin status seems dubious.
its more a branding exercise then, how you advertise it would determine if it matters
would it not matter if im applying for some panel in any court?
for whom? and what?

if you want to practice in any court it does not matter

if you want to teach at Agra yes
No Indian LLM is prestigious but if you can't go abroad and need a NLU tag for LinkedIn credibility, then can't think of many better NLUs than NLUD.
I have two years of work experience as a litigator. Now im wanting to pursue LLM. Thoughts?