Not initially. You will start with a package of 3-5 lakhs depending upon your skills and knowledge.
Medical Electronics (which is mainly related to designing of medical equipments) will see a growth in the coming years due to the growth in health care business and new technology inventions in the area but as of now the career scope is decent and not very booming. As this is quite a new field in India, there are not many colleges offering this course.

Scope is huge after you achieve a level and confidence in it.

Hope this helps.