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First of all, you have to understand the difference between the two and also analyze your your area of interest.
The main difference between MBA and MIB is that MBA is a more generalized course of Management wherein you choose your specialization in the second/final year of your course whereas MIB is a specialized programme in which from the very first year your curriculum would be focused on International Business. Now it would depend on your own interests and career aspirations that which course you should opt for. In case you feel that IB is the final career path you want to choose go ahead and do MIB whereas if you are not sure about the specialization you want to choose you can go for MBA.
However, as far as the scope of the programme is concerned, both are good but you may not find many institutes in India providing MIB degree.

FIIB is approved by the AICTE and accorded equivalence with MBA by Association of Indian Universities (AIU), this MBA equivalent course is the core of FIIBs management education programs. It is good as it provides good placements to its students.
The Fortune Institute of International Business (FIIB) Delhi offers PGDM/ MBA course for the admission session 2017-19. Candidates who have applied for CAT/MAT/ATMA/XAT/CMAT can apply to FIIB for MBA Admissions 2017.
Eligibility Criteria:
The candidate must hold a Bachelors degree with minimum 50% marks in aggregate of all the subjects from any of the Universities recognized by the AIU/UGC or AICTE,

At Symbiosis Centre for Distance Learning, Pune, the Post Graduate Diploma in Export and Import Management gives a foundation to participants who seek a career in international markets and trade. The program focuses on international business practices, customs and policies and international issues such as International Supply Chain Management, Marine Insurance, Export Import Documentation and Procedures, International Trade Barriers and Risk Management.
The program also includes a project on EXIM, which will give the student an opportunity to learn the practical aspects of international trade. With the rapid growth of international trade in various countries, several highly rewarding job opportunities have opened up for participants trained in export import transactions. Some of the sectors that offer ample scope in export management include trading houses, export departments of companies, development authorities and commodity boards, marine insurance companies, export processing zones, export promotion councils and export oriented units, among other organizations.