Does Indian Fantasy Need to Step Away from Mythology?

Contemporary (South Asian) Indian fantasy literature is heavily based on its rich history of culture and mythology. However, to grow as a genre (by creating stories that exist outside of/apart from our multiple readings of preexisting myths – stories that are original), does it need to explore stories and characters, other than the ones that already exist in cultural consciousness? (By this I mean the stories from mythology that are widely known [in India] and are passed on through generations).

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