Aviation is always about luck of the draw...
I know guys who graduated in 2009 and were taken in By Jet airways during the august 2010 recruitment and have now finished their type rating
Air India has also been hiring candidates from IGRUA without giving a chance to those numerous CPL holders who are more experienced out there
You could also try and get into the other departments in the airlines like Cabin Crew or customer service agents etc.
Jet airways is recruiting people as an " Operations Assistant " for their flight operations department ( given on their website )
Getting a foot in the door might also help you down the line for applying a position as a pilot.
In the meantime keep up with your aviation knowledge and also keep your licenses and medical current .
You should also consider passing your ATPL papers in the meantime as it will make you look good on your resume'
Qatar airways is rumored to be taking in applications for their second officer positions . But you should have already passed your ATPL papers
( aka frozen atpl ) . They might not accept FAA ATP written though . But they will accept any other aviation authority ATPL written even Indian DGCA.
Cheerup Buddy atleast you are better off than this guy
http://www.pprune.org/professional-p...pjet-gptc.html