Hello Aditya,

No, it doest affect your chances and you can also refer the below link to get detail information :

https://www.careers360.com/exams/set

A drop will never affect your chances to get into ug program but it might affect your chances during pg program gd pi process.So it is advisable to optimise your drop year do internship in media firm or do any media related course.

Hope I helped you.All the best for future endeavour!!