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Haha may be but I am not from an IT background. Its automotive and thats why the confusion too :)

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20 is less for 8 years exp with foreign MBA although not sure if yours is ivy league bschool. IIM grads with 3-4 years get higher salaries to start.

Stick to Germany. Getting back there after coming back to India is difficult.

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Honestly 20 LPA is not worth it with a foreign MBA from a decent college and 8 YOE. Freshers from tier 1 colleges are getting this much these days at the age of 21-22. Also your in-hand monthly would be 130k (maybe less) and in big cities this is not much considering the living expenses.
If you're getting a visa to stay in Germany and you think you've good chances of landing a job there during the visa period, better to hustle in Germany.
I belive your batchmates would include non-German students - how are they faring out?

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Since the course has officially not completed, no job searches yet

Salary is less for an 8 years exp with an MBA . Not sure how prestigious your college is and what other offers you can get in india or Germany.. it's a tough call to make

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My point of concern is that its a respected public university in Germany but to leverage that in India is difficult

Java Engineers and Data Engineers with 3 YoE are hired for 22 to 30lpa! Better stay in Germany unless you get offer of 45lpa from companies based out of Bharat mata.

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