I remember being faced with the similar question when I was your age. It is my personal view that if you plan to get an MBA at any point in your life, it is important that you first have some kind of work experience. This not only helps you in understanding which area in management interests you more but also helps in internalizing the MBA courses better once you are back in school. Another plus is that money will be lesser of a constraint in getting the school of your choice.
One hurdle of this approach maybe the quality of openings available after Bachelor degree. This is especially a challenge if you are not in the bigger cities of India. However, given the booming Indian market and increased job creation, this problem can be alleviated somewhat.
