NIFT is undoubtedly better than most other fashion designing colleges/institutes. It is recognised worldwide.
It offers immense exposure and internships which help the students to know the real situation and work in the industry. Also , the faculty is highly experienced which helps in better industry exposure.
It's not like Pearl Academy is not worth it , it is definitely worth but in terms of real exposure nothing can beat NIFT. It's recognised very well.
Hope it helps!
All the best