Hello Pallavi,
I think you are still confused despite neerasharma's clarification.
Pl note that EVERY fresher in ANY field of study faces the problem you are likely to face. So you aren't alone in this--everyone has gone thru this cycle. And by this self-doubt, you are only lowering your self-confidence.
In your latest posting you asked: "Is the experience at consultancy have value for companies?", when neerasharma had already gave you this input: ....believe me when you are masters of recruitment, company run to hire you in....
This is something YOU need to face. Also look @ the situation in this way. Like neerasharma mentioned, "consultancy is the best place to learn recruitments in depth". And can you think of ANY OTHER FIELD where there's scope for such an entry point into the field? In almost every other field--including engineering, medical, other specializations in MBA, etc--the fresher HAS to go thru the initial struggle. HR is, by & large, the only field that has this scope of easing things a bit.
Just leave your self-doubt behind you & begin to focus on the next steps you need to take.
All the Best.
Rgds,
TS