Currently its true....The Aviation situation is slowing down after the initial boom.
out here with a BAMEL in Airframe/Powerplant or Electrical/Radio/Instruments/Avionics,only assures you a job as an Aircraft technician.
It depends on the requirements of the airline you are employed in if they decide to send you for an approved training course.
Abroad you will probably earn more than India,however as a technician & not a licenced person unless you pass the exams needed to obtain the licences required to service those airlines aircraft.
Try applying to GAMCO,there are quite a few techs that have joined out there in Major Mx.
if you want to continue in India.....Look to get both A&C BAMEL in category HA/JE & wait your turn,by continuing to work hard.
Hard work always pays in the end.
regds
MEL