Yes, absolutely Thushyanthini, Quality backlinks are more important better than the quantity of backlinks. If you just one link from the high-quality of site, popular blog or another trusted resource, that will provide equal to hundred links.
Note: f you are the new site to search engine the quantity of backlinks will help to index your website on search engine like google. And when you are creating the backlinks please avoided the spammy links.
This is my thought, please give your opinion as well