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Hi Nisha,
It woulod all depend on your area of interest.
Both a re a masters degree and can be beneficial in the long run. Personally I feel pursuing an MA in English literature opens up many avenues for you right from working as an editor in a publishing house to becoming a writer.
If you wish to become a lecturer in a college, then an M.Ed is essential, but for that again masters degree would be needed. So pursuing an MA is beneficial in the long run, in-case later you decide to join a college.
Hope this helps.
Wish you good luck..........
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