I have remained in Principal Engineer role and do not want to climb the ladder further because I don't think I can take the meeting load of management role.
What do you think about your role? Do you enjoy being Dev Manager more than Principal Engineer? Does it provide faster growth (designation and money wise)?
It may not provide faster growth designation wise but I'm hoping money wise its a good choice as what I'm now paid is the entry level salary in management in most of the companies I worked for previously.
Healthcare is usually way cheaper and you can hire maid+cook. All I can say is that money shouldn't be primary driver for your decision unless you are doubling your savings. Also there is huge risk of rupee depreciation which is robbing us of any real wage growth.