Answer to Question 1 : If any regulation is enforced on the Internet, that will lead to a disadvantage to Indians, who are also competing online in a fair manner with other companies. The internet should always be free, the internet provider needs to adopt so that people are not forced to abide by restrictions.
Answer to Question 2 : It will affect consumer choice. The freedom the consumer has is important. It will be easier for internet providers to change their business model. Restricting the freedom of consumers is incredibly harmful.
Answer to Question 3 : Every medium needs to adopt to change. After TV was introduced, radio operators had to change adopt. After the internet came along, video rental services had to adopt accordingly, which is why Netflix is booming and Blockbuster shut down. Internet providers need to adopt to the change, instead of taking away the freedom of people.
Answer to Question 4 : This will lead to a violation of Net Neutrality.