Hi,

In case you're an IIT Aspirant and have faith in yourself that you can do it then you should definitely go for the drop year and not consider it a waste in any means, however if you're considering drop, I would recommend you to do some degree from a local college for that period of time as it will not affect your application in any other college later. However, if you have any doubt regarding IIT then don't worry,CBIT is a very good choice and definitely worth it. They have wonderful and mind blowing placements every year and if you have the required skills to crack it, you can bag highest placements as well. Every year Microsoft comes with placements starting from 40 LPA.

I hope this helps,

All the best