Is there any benefit of doing Engineering?

Benefits of Engineering:

Stable Career
Great Work/Life Balance
Great Benefits
Comfortable Salaries
Respect of being an engineer
You make the world a better place by solving problems in various industries and fields.

If you lack the talent, interest, skills, personality & character traits to make an excellent engineer, then it is the wrong field for you. Engineering appears to have hit a cyclical peak in demand (as it routinely does about every 12-15 years), and engineers have been laid off in substantial numbers in several countries of late. You have no future in engineering unless you have exceptional talents & abilities in it. Your parents are out of touch with the realities of current job markets. If you are from India, India is a major source of the glut of engineers, and you cannot qualify to work elsewhere, either.

So where do your talents, interests, abilities, skills, personality & character traits, etc, lie? What are you best suited for? You have to go with your unique constellation of talents, abilities, etc. Or you have no chance of success with anything at all.