With a little lesser pay, you also get peace of mind. This might not be important at 22s or 25s. But at 30, as a husband and a father, I can surely tell you ISRO gives much better lifestyle. i.e you can work for 2 hours or 16 hours if you enjoy that. Average employee productivity there sucks - literally. But at that non-competitive pay, government should not expect more.
You also have a "safe-job" and lesser work pressure. There are certain projects that are high-pressure jobs - but those are rare.
An important factor to keep you motivate might also be "working for your country". I have worked for large govt. projects for western countries and it give you ZERO sense of pride. It is "just another project". And I worked for a very small system for the transportation in my city. And just that feeling of watching that system being used in my country gives me a hell lot of sense of pride/achievement. I don't know if everybody feels the same way - but that is one of the biggest motivation factors for me (I don't work for ISRO / govt)