Yes you should increase your budget with at least 18k, around 58k you will get decent Laptops. I'd suggest you to go with Ryzen as they're efficient and comes at really good Price. Try to check out latest Snapdragon X plus powered laptops as arm chips are the future, currently starts from ₹62k you might get discounts from tomorrow in the sales. Great battery life good CPU and capable GPU. Also decent 45 TOPS great for NPU related tasks.
Note: check the specific software/app (that you intend to use) native support as it is ARM chipset only limited softwares native support available. Even though it can emulate but headache to use easily as it crashes and has bugs.
You can check here :
A community-driven list of software (apps and games) that work, are emulated or don't work on Windows on ARM
windowsonarm.org