Dear Yalavarthy Aswini Prasad,
I too faced same problem when I passed BE (ECE) in 2009. When I placed to a MNC in 2009, every one forced me to do software job now I settled in Development field, But somewhere I feel little Sad of Electronics. . But you are good, you are thinking before one year. It depends on your interest, family background and situations you are facing. So I Strongly Suggest you to follow what your heart and mind suggest to you. First analyze your interest and your priority is of good package MNC jobs, Govt. jobs or higher education??
Higher education you have 3 options.
1) M.Tech: You can write local PGCET or GATE. I strongly suggest you to write GATE.GATE having good options to select Top Colleges. Now days for Govt. Jobs like BHEL, BEL, and other electronics based jobs considering gate score as mandatory. You can write Gate exam in 3 and 4th year as well. Gate exam will conduct every year Feb 2 week. For more details on Gate refer the site: http://www.gate.iitb.ac.in/
2) M.S: It is better option for computer based applications. If you plan to do MS then plan to do it in aboard. Search more details of it.
3) MBA: If you wish in administration section then go for MBA. For this CAT, MAT other local entrance exams are other. Search more details of it.
If you plan for software jobs, then concentrate on placements provide by your college. Choose courses like Java, Oracle Apps, Oracle DBA,.NET, Testing etc. of your choice. Find Good Job.
If you plan for Govt. job on Electronics then do with GATE. Other Govt. job refer employment news.
Hope It will clarify your query.