The Twitter thread https://birdsite.xanny.family/Tennistetris/status/1473033790... suggests that maybe we're talking about US$80k-US$130k per year for senior developers in India. Presumably that's post-doubling.
This puts me in top 2% in India and top 5% in the world by income. While I am aware that I can get 4-5x this offer in US, I can't demand that offer here because 1. It's not trivial to immigrate to US, unless I am willing to spend 2 years on (another) Masters degree or spend many more on a PhD. 2. It's a supply demand issue, where at some point, they will be willing to hire someone else than pay me 4x more.
For now, I am hoping that after a few years, I'd be able to immigrate without having to first study in west, or having to take the huge financial risk of immigrating first and then looking for a job. If (political) shit hits the fan though, I might get desperate enough to try one of that option.
If you're spending your money on healthcare, a cook, chauffeur, maid, and housing, then sure; you can probably get better healthcare than in the US if you pay for it. But as I said elsewhere, if what you're interested in is retiring in Costa Rica, buying a fleet of DJI drones, or buying a berth on Starship to Mars, US$48k is just US$48k. Or even clothes.