That is a tax-writeoff... Basically, they are following the same thing that HBO Max did recently for many of the titles including the hit HBO ones like Westworld...
Essentially, Bob Iger's return as CEO means, Disney is going back to their previous, pre-covid principles like Quality more than Quantity.. They are reducing the number of Titles commissioned for Disney Streaming Services everywhere including India... But Hotstar Specials's have so much already in Production, so, I doubt if they will slow down anytime soon though.
On the other-hand, they had to bin some of those Disney+ originals like The Mysterious Benedict Society and all because of the false reporting done by Bob Chapek and Kareem Daniel which eventually lead to their firing.