To be honest, deferral would be the best option. India is recording 60K COVID cases a day. I do not see the borders opening up anytime soon. There is every possibility of the border closure being extended even till April or May 2021. Considering the uncertainty and the fact that your programme is of 1 year, deferral would be the best option.
My course is of 2 Years and even I have filled for deferral. If I am paying 25,000 CAD, then the least I would want is an in-person class. But if the borders don't open by Jan 2021, then I shall begin with my online classes.