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Hello Ram,
I think doing MS abroad is more valuable, if you are not able to make into top BSchools of India. MS abroad has a greater value, and even the fees is not as high as MBA degrees. You can settle in countries such as Poland, Finland, Germany, Norway, Australia, after you complete you MS from here. The job opportunities are more and the standard of living is also high.
Doing an MBA from an average BSchool from India, may or may not land you in a good job.
Hope this Helps
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