Hi Vasanth
Before heading anywhere read this news article carefully
Pilot job dreams crash as aviation suffers - Hindustan Times
There is an estimated 7000 unemployed Pilots in India and this keeps rising day by day
Its obvious that unless the cost of oil comes down and the govt makes some radical reforms to the aviation industry a majority of these pilots will probably never fly again
Please also remember that a CPL is just a license . Its not equivalent to a College Degree
So if you go straight after 12th std and get the CPL ... when people ask you your educational qualification you have tell them that you are only high school pass
Many CPL holders are finding it difficult to find jobs outside aviation due to lack of a college degree
Yes you have to convert the FAA license to an Indian DGCA license . For that procedure have a look here
Dont forget the Indian DGCA requires you to have Maths and Physics in 10+2
http://www.dgca.nic.in/circular/FCL1_2012.pdf
You need to budget atleast 50-60 lakh rupees before you can start getting paid since every employer in India expects you to pay for your type rating or be already type rated
From reading the above news article you will be able to get a feel of what its like to for present CPL holders in India
Bottom Line . Dont go for CPL . Go to college instead and get your degree and focus on another career until things turn around in Indian Aviation