How bad is Indian Job Market Actually????

I've seen soooooo many of my seniors be unemployed and finally decide to go for masters abroad. Idk how successful that would be as they are still doing it and none ik have completed it. I do agree a lot of people are actually clueless about what they wanna do and it's fine, their life. My question is if I actually want a job, how fucked is it? Cuz from what I've seen companies coming for campus are ones I've never ever heard of, they seem like startup which have no guarantee whether it'll run till next year or not. All the placements are just "sales associate" and pay base wage of 3.5LPA fixed pay. Irdk how tf is anyone expected to even survive with that salary in Bangalore let alone actually save or spend. Then there are news that IIT Mumbai and IIM aren't getting placement either of which idk how much it's true and how much it's not. Then you'll randomly see posts on LinkedIn which say comment "interested" 9-10LPA fixed pay freshers, like wtf? Prolly it's just ghost posting, maybe not But I really wanna know if Indian job market is screwed, how screwed is it ACTUALLY??