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A PhD, or Doctor of Philosophy, is a degree that is highly respected both in India and outside. If you have a PhD, you will be referred to as a doctor by your name because you have completed research on your field of study and are now the authority on it.
And with NET by your side, chances of getting job in a reputed college is really high. also, if you manage to clear NET during your phd , you’ll get fellowship of amount 25k more or less depending on your university.
The competition for finding the proper work in India is fierce, but if a person puts in their best effort, they can find a wonderful position. I'm going to enumerate the possibilities available to someone who has completed their PhD.
All the best.