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Administrators are focused on the money and often at least mildly racist. Paying more than locals for the same lectures doesn't mean we hear them differently. Is it unjust? Yes. Does that mean no one else should get the education you and I got, even if they can afford it, because we are feeling bitter about inequality that is outside our control and has been here for centuries? No.
I agree with the networking part, but how many of them are actually able to make succesful careers out of an LLM through networking? Very few. Every Tom, Dick, and Harry has a foreign llm these days. Even the number of oxbridge grads are quite significant. The people who are actually able to successfully make meaningful connections and better their career from an LLM are maybe 1 in 100. To think a 10 month degree is worth most middle-class families' life savings is foolhardy, to say the least.
But I would say that since you are from a T-1 NLU and you want a career in India, I doubt there would not be any opportunity that you otherwise wouldn't have access to.
Plus it's not exactly a good idea to do an LLM just for the sake of prestige. Go only if you genuinely want to do it, either to specialise in a particular domain or want to try your hand at employment there (almost impossible for US, for UK and other jurisdictions there is a chance if you have a good profile and are at the top of your class in LLM as well) but there are no direct ways in which an LLM helps with employment (no campus recruitment and you are essentially on your own).
regardless of which from which college have you done your LLB from, its a disastrous to do an LLM using your own money unless you are so rich that 1-2 cr is pocket change for you.
So get some work experience first. If you still want to do it and finances allow or you secure a scholarship, go for it.
tell this to the district court judge who will throw away your bail petition in 5 minutes.
If you want to do academia in India - do an llm at nlu or some other college (3L) and then do a PhD.
Foreign llm has no value in the Indian job market. Even in international job market it doesn't have much of value. It's almost impossible or very difficult to get hired as a lawyer in US / UK / EU with a foreign llm of that respective jurisdiction. They prefer native lawyers with JDs. Immigration is difficult. Law is not a skill like nursing or engineering for which foreigners are even considered.
If you are really rich and can comfortably spend 50L to 90L without any loans zero expectations of return on investment. Then go for foreign llm. It can give some exposure if it's a right college. I would say save 70% of that amount. Spend a summer travelling across Europe or north America instead of an llm.
Even at top places like Stanford, NYU, Cambridge. It's pretty much easier to get an LLM than any other degree. LLM is just a cash cow for these colleges and are not job oriented courses.
Of course, there are two major exceptions to this. One, if you want to work in academia. Two, if you want to do specialized policy research that requires a specialized LLM area. This goes for any kind of job that requires particular specialization, not just policy, to be fair. But these kinds of jobs are extremely few in number.
So if you're thinking of pursuing corporate law/litigation, no, they are not of much use. However, there are some niche areas apart from academia where they may help, but I'd still say its worth is not even close to the amount of money you put in. Unless you get a scholarship, of course. In which case, enjoy your paid one-year vacation.