You heard wrong from people, Every moment new startups rising in India, Foreign companies Investing in India, everything is trying to use Technologies This is the best era for Software Engineers, Look the placements stats of any IITs more than 50% of the jobs are offered in the IT sector so it is irrelevant to say that Software future is at danger.

Now coming to the salary, 1.8 lakhs per month can be the salary of software in India, why not. In fact companies like DE Shaw offers 2 lakhs per month in the Internship itself that too in India, So to conclude there are opportunities In every sector if You are skilled otherwise you will have no jobs in any sector.