Yes, students who take the MDI Gurgaon PGP-IM program and go to Europe for an exchange program are offered jobs and internships. There is no major distinction between the jobs offered to MDI students and the jobs offered to ESCP students. But the only discrimination they might come across is the lack of language proficiency which is a major factor for jobs. I have listed down some tips you can adopt to help in this regard
So yes, as an Indian you will face slight disadvantages over the locals at the European university but these challenges can be handled well to make your way.