Is pursuing an MBA in India better than doing an MBA abroad?

Without a doubt outside of India if it's a decent global B-School

1. Sadly the quality of education in India B-Schools including the ones at the 'top' is a far cry from their global counterparts, there are many proverbial '9-pointers in finance' who struggle with the basics of textbook finance let alone the real-world finance - a surprisingly large number of pedigreed idiots have consistently come out of top Indian B-Schools
2. Stronger and more widespread alumni network, Indian B-School networks are voluminous but lack the depth/trust factor that is needed to deliver outcomes 
3. Indian B-Schools and the 'success' stories that you see have a lot of unseen elements of survivorship bias, the upside is a lot smaller than the materially more significant downside. There will be years when a BB hires 5/6 people across all the top schools / Buyside roles are even more sparse and uncertain- very hard to predict this
4. The networking and connection driven game is far more opaque/low yield in India and doesn't really work v/s outside; whether or not you like it a shady Placement Unit can make or break the next 2-3 years of your career; combine that with the hollow marketing of firms that come to hire freshers means that you can end up expending the first few years of your post-MBA career in 'black hole' organizations/teams
5. Campus hires are sometimes made specifically for teams/roles that tenured professionals will not do because of how shit/non-utilitarian they are (Career Black Hole orgs/teams), your Placement Units/Alumni will happily cover this up if it suits them
6. You'd be surprised at how many Indian MBAs don't understand the value of cooperation over cut-throat competition on the wrong metrics, whether you like it or not you will have to blindly chase a GPA irrespective of whether or not the material/approach makes even the most remote sense
7. Specific to finance in India, a decent global B-School is almost always given preference a role v/s an Indian School; you will always trade at a brand discount AND a perceived skill discount; (how well deserved the discount is is open for debate)
8. Broader diversity of outcomes/exits outside, Indian B-Schools have a templatized 4/5 exits, the cookie cutter approach doesn't always work for folks, the volume of intake also ebbs & flows like no one's business - what allowed folks to cruise through last year could end up leaving you with diddly squat this year
9. Lack of global brand equity of Indian B-Schools, compared to a CBS/Kellogg/LBS no one gives a fuck about an IIM A/B/C outside of India, makes global mobility even harder especially with an Indian passport