Maybe it is time to get a new job. These days there is a big shortage of tech talent and deserving candidates can get very good pay in India. The typical trick is to apply for and interview to as many companies as you can. Get a good offer and put in your papers. Given that most companies have a 2-3 month notice period, once you are on notice, you can continue applying for jobs and shop around.
The funded startups in India are paying very good money to their staff. Even somewhat junior resources with 4-5 years of experience can get in excess of 50l inr per anum, which is roughly 65k usd in cities like Hyderabad, Bangalore & Gurgaon.