From being an additional qualification to becoming a mandatory academic requirement in MNCs for a more hands-on job, the Master of Science (equivalent to all Masters degrees issued in India and elsewhere), is currently the most sought after course by Indian students travelling to US and elsewhere for higher studies.
A Masters degree in US and other countries serves a multi-fold purpose. It provides you a greater insight into the field of your choice. When you develop interest in a certain subject towards the end of your graduation, the desire to know more leads you to a MS degree as a natural progression. It definitely provides you exposure to better, at times even advanced, technological (and other) setups. The compensations provided to Masters students, are beyond a doubt much better than regular engineering graduates. Obviously, a Masters degree jet-starts your career, with the growth happening faster, so much that a few years into your role, you get a combination of technical as well as managerial exposure. And finally, majority of the Masters degree curriculums are designed to cater to both your professional as well as research requirements, thereby paving the path for a further doctorate (Ph.D, M.Phil, M.Res) degree.
No doubt, the company that you always dreamt of working for, that company will very much want to recruit you when you pursue a Masters degree from one of the top universities that these companies visit for placements.
Most of the colleges and universities primarily accept GRE for admission to their master and PHD programmes.