if the employment scene is not good there you can try either back in india or in usa..talk to your friends who are employed some where and see whether their network helps keep trying some thing..good luck
Probably not. For a recent graduate who has not yet worked in the industry that's not good advice. Even though the economy in the UK (where I'm guessing the OP is based) is better than elsewhere for the most part, these aren't exactly boom times for IT.
My suggestion would be try your best to get a job..In case if you are not able to get a full time position try for internship..
I think you should have probably heard about AIESEC(Please google if you dont know about it)..This is a organisation which help you get paid internships in other countries...You can get a internship related to your field (ie)IT..Try to get a position in countries like India ,US or wherever you prefer... That could be usefull to get later land in a good job..
Each country has its own AIESEC chapter...try out that...