Fullforward... you are correct in your assessment. I've been an expat for the past 21 years in 6 of the 7 continents of the globe.
I've always looked at the fact that my next flight may very well be my last flight with that particular airline. Fortunate for me that prophecy came true only twice.
Don't be surprised... the Indian economy is not as dependent on the US or EU business as you may think.
Living away from home from the family is not the best alternative. However coming home to a house where the bills and mortgage are current is a far better alternative. There has always been an excellent support system with the expats where ever I’ve been.
There were very low incidences of depression or animosity amongst all the groups I’ve been associated, as long as the company was a stand up company to work for.
But then again, I’ve always done my homework before going to work for a carrier over seas.