It's more depressing and suffocating than extremely high rates of malnutrition, less educational and institutional access, a stricter class system , having to cook with fuels like dung, poor sanitation, awful maternal health? Color me skeptical.
Likewise with the institutional access and class system, the west has a more sort of guaranteed based level of societal support. But in India, chances are larger that you'll have a more local social support group of family and friends. In comparison the west is often much more isolated and lonely
Obviously I'd still prefer being poor in the west, but I think it's reasonable to say we also have forms of suffering here that are different in kind and sometimes worse than in India