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Yes, now is always a good time. You years of exp will be helpful for the switch and easily lead to 50lpa+ salary.
For the AI part, you already know the answer, it will not replace humans fully for now but will definitely decrease their numbers, so you should upskill in software architecture, communication etc, and use AI to increase productivity.
Are you trying for 50 lpa fixed or including variable?
Nowadays can see the people who have talent to crack interview are getting 50 lpa in 10 yrs and below