Not a completely crazy idea. But in a war situation we wont have C130s available for these things. Our c130 fleet is already overstretched. Furthermore, I doubt Raad is designed to be used in great numbers with nonnuclear warheads. We have other SOWs for that purpose. Also, Mirages can let you hit much deeper into India which would be the only reason to use Raad as a nonnuclear weapon. Launching it from 400km inside would have the same effect as launching a MUCH cheaper IREK from the border using a JF17. Remember, Raad is just an advanced kamikaze UAV.
Initially I believe turbojets were imported from Ukraine (I vaguely recall seeing some MoD documents regarding procurement on this forum). However this was a long time ago so hard to say whether the current powerplant is imported or local. Its "relatively" easier to manufacture low reliability small turbojets for missiles (since they only need to operate for a couple of hours at most) as opposed to those for let's say a UAV that may fly a thousand hours over its life. But I dont think theres any concrete information on whether the powerplant is imported, license manufactured, or local.