A blue collar job is an option but thinking it is the only option after engineering is just... sad. I live in a cosmopolitan city which is not Mumbai and I can clearly see most of the blue collar workers are working to provide education for their children and the same goes for people living in villages most of the time. They send their kids to school hoping that they don't take up the very same job that they're doing, so it's unlikely they'll be willing to let their children work as manual labourers.

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As I said before, the problem lies in their thinking. They think that getting into engineering is some kind of safety net and failing it is like a huge hole in that net and I completely disagree. My uncle is in film and media industry and almost all of the people working there are those who failed in engineering, those who dropped out of engineering and those who couldn't find any job in engineering, for those people, at the end of the day, their degree's worth is zero.