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Who this career is for?
This career is for those people who are passionate about design and are artistic. Since this career involves designing homes/properties, and then executing those designs to create the environment that the client wants, the person should have excellent management and communication skills, as well as be creative with his/her work.
Those people who are good at maintaining their spending according to a budget as well as people who have a good knowledge about various materials are people who should defiantly be looking at interior designing as a potential career path. Moreover, people who have an eye for detail and enjoys solving puzzles would be an ideal interior designer.
In India, Depending on the employer and one's experience the salary, including bonuses and commission for assistant interior designers ranges between Rs. 30,000 to Rs.40,000 per month. For senior interior designers, the salary, including bonuses and commission is approximately Rs. 800,000 to Rs. 3,000,000 per annum.
Life for the newly starting interior designers is very hard because reputation and experience takes a while to build. However, once you get past the initial years, the career prospects are huge. From starting up your own firm and taking on various different projects, to being hired by big architectural firms to cope with the large project load they have, an
Interior Designer is in much demand due to the retail boom.

In the Indian context, there is no difference between MBA and PGDM/PGP. As per Indian law, only a university can give MBA degree. All other institutes can provide only PGDM/PGP, not MBA. PGDM is a Diploma programme whereas MBA is a degree. Prestigious institutions such as IIMs, XLRI are autonomous and thus provide PGP/PGDM.
Hence, when it comes to the job market, only the standard and reputation of the institution matters to the industry, not the nature of the degree. It is the same worldwide. If you are from a prestigious institution, you will have good opportunities irrespective of the name of the programme (PGDM/MBA/PGP).
The only disadvantage of PGDM is when it comes to higher studies abroad. When your application is processed for admission, it will be marked as Diploma, not as a degree.