What are the placement opportunities in IIIT Allahabad for MTech?

I have been carefully observing the fate of Indian MTech degree holders for the last 5 years.

And as per my observation and research, most of them remain jobless and nothing would happen to India and the world if no more MTech degree holders are produced from any Indian engineering college henceforth.

• MTech is a scam sold in India to keep running the GATE coaching industry.
  Most of the MTech degree holders in India remain jobless and have to find jobs in some different fields.
• All such colleges do not reveal their placement statistics as they are not good including IIIT Allahabad.
• Only intelligent students are allowed to sit for placements of a few good companies.
• There is literally zero demand for MTech degree holders in the industry.
• The only use of the GATE exam to get into PSUs.
• Most of the MTech degree holders recruited from some of the top Indian engineering colleges are fired after a few months and they are never advertised in the media.

All and all, Pursuing MTech is a waste of time, money, and resources. If you want to get a decent placement, you should opt for another course.