It's a con game. The company has no incentive to care about your feelings. Any and all morale boosting is just managing useful distractions. They dangle carrots, or vague promises they have no intention of keeping, or soft reassurances of your job security only to stand there at your desk as you cry and put your belongings into the banker's box they've graciously provided to you.
Just like the managers that pit their employees against one another, it's all about keeping you occupied so you don't notice the water creeping up to your ankles on the sinking ship. Go rearrange those deck chairs, this Titanic will look presentable!
Just stop. Leave. No notice, no new job lined up. Do whatever you can to expedite the implosion of this company by removing yourself from their clutches. Go sling coffee, bag groceries, start an ebay reseller gig, anything but continuing to enable your abuser. They won't realize anything until they are forced to and when they only have overseas cheap labor to depend upon, it'll really be fun to watch this place crater. If India wants these jobs so bad, let them have 'em. Watch what happens.
Go. Be happy. Be anywhere but here, your mental health will be better, and you can leave this bucket of tu-ds in the rearview mirror.