If I were to take sides, mine will be on the side of not trying to Indianise anything.
Simply because of the variety and colours that India offers, cannot do justice on any “Indianise” process however clever.
Secondly my personal experience with 2 of my kids with Cindrella, which they just don’t relate.
While fables are most easily transferable across cultures, (see how Panchatantra got the reach and derivatives across cultures)
stereotype transfers (like this Archie transfer) from another culture will fail to convey anything or even be mildly entertaining.
Archie will be in for a rude shock in India…