Is there any scope for aeronautical engineering in India?
India is a developing Nation and it needs huge number of quality aeronautics engineers by 2022. This is why innumerable colleges and institutes are offering Aeronautics Engineering Courses presently. If you have interest, go for it for a bright future.
India (unlike many more developed nations) has launch capability, that is they have their own rockets and launch platform for getting satellites and other equipment into space. It is likely to be pretty competative though as India produces some of the best engineers and computer scientists on the planet. Best of luck.