Actually, I'm in favor of Tik Tok coming back to India as a Microsoft subsidiary, provided they enter a legally binding agreement with the government that the entity does not - and will not - transmit any data to any Chinese company (other than normal transmission of public content), and that it will not censor any politicial criticism of the CCP, PLA, or PRC.
A Microsoft-owned Tik Tok in India would mean better content moderation (no more chicom/jihadi/love-jihad psy-ops), no restrictions on taking a shit on CCP, and it will provide rozgaar to our e-NREGA bumpkins, and atmanirbhar thots. It's a win-win.
What happens to Bytedance? It remains as a minority equity stakeholder. It gets to reap financial dividends from the market, but has no access to non-public user data. This way China makes money from Tik Tok, without having any back-doors to data. The US model will be replicated around the world.