I assume that you are working and that is why you are doing a correspondence course. Or is it that you are free, yet doing MCA by correspondence. If you are not doing any thing, then you should do some vocational course and work along your academics. Courses develop skills. You need to hone your skills. The degree will help you to compete, but the edge will be provided only by skills. There are a number of companies barring multinationals who recognize effectively IGNOU. The MNCs may not say they do not recognize, but they also do not keep such people also.

Your counsel.