Hello Sekhar, Greetings!

First of all, Mechanical Engineers are not jobless in India. Those who have mechanical engineering degree but do not have right skills of mechanical engineering are definitely jobless. Without right skills, its unfair to blame industry.

Like any other field, competition in mechanical stream has also increased over the years. Moreover, education system is also to be blamed.

As long as you pick up the right skills from a reasonably good college & are sufficiently self driven, you will surely do well.

Thank you, hope this helps.