Yes dear it is equivalent to the degree provided by central universities or state university.
From India, Jaipur
Dear please visit site of Singhania university of Pacheri Bari, Rajasthan or contact their nearest study center which i think may be available in Kolkata also. Best of luck regards lalit
From India, Pune
Vijayalakshmi Institute of Management, Chennai offers Guidance in Admission , Class work, Research for Ph.D in State Government Universities. For details, Please contact Prof. T.Varadharajan
Mobile : 09894291932. You have to get through the Entrance test. P.G. marks should be above 55%.
Prof. T.Varadharajan

From India, Madurai
Open Universities are now collaborating with some foreign univerisites to conduct PG courses by distance learning system. Better check the website of IGNOU.
From India, Delhi
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