Hi Nikita.
No doubt that the competition is getting tough day by day.Had it not been so then only 600-630 out of 4800 students would have been selected.What about those who were not selected?Were not they talented person?Please bear in mind that hardwork pays everytime.If you are not getting a good job now it doesn't mean you will never get.But yes the more time you will spend sitting at home ,straight questions would be raised on your abilites by the corporate.So in the meanwhile either start doing some short term high level courses like Advance excel/SAP-fico/Tally certification/excel certification by microsoft or any worthdoing course.And join any CA firm till you get a good job
If you are willing to relocate then please check on some famous job websites like naukri.com there are innumerous opportunities all over India companies like deloitte,focus energy limited,yes bank(banglore) , dun and bradstreet mumbai and many more are hiring freshers.
Good luck.and yes please bear in mind the more disheartened and negative you get the more negative circumstances and replies you will receive