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Essentially, although the salaries are higher in London, the taxes are (far) higher and so is the cost of living if you live in a nice part of London (and even more so if you want to send your children to private school). Far more bang for the buck in India in terms of finances - the lower taxes and lower cost of living mean you can afford a lot more and have more disposable income, not to mention there are simply more opportunities in a growing market and country like India.
On the other hand - there are lots of things about London you can't measure in money. How do you measure the value of living in London and not choking on the way to work like winter in Delhi? Or using it as a base to see Europe and the world and have friends from all over the world and work with the best people in the world? Ultimately it depends on what is important to you and what you want from life - but if money is all you want (nothing wrong with that) - trust me, stick to India.
Yes, if you come to London when you're 26 and work hard for 5 years and live carefully and save money and go back at 31, you can probably save more than you can in India, but after 5 years you probably won't want to go back (and you would have wasted the opportunity to experience London and Europe) and once children and spouse enter the picture there are a lot more factors in the equation. And if you want that kind of 5 year plan you're better off going to Dubai or Singapore where the taxes are lower anyway.
As I keep saying - money is the wrong lens with which to consider that kind of move - what kind of life do you want?