100 baaton ki ek baat... In conventional warfare pakistan armed force are numerically and qualitatively inferior to Indian armed forces. There shouldnt be any question about that in anyone's mind.
As far as I can see I dont really think that pakistan will be able to challenge India's might in conventional terms. If pakistan prepares its defences well then maybe it wont loose much of its territories but will still end up loosing quite a few assets.
Though no war is nice , any war that pakistan fights with India will have disastourous consequences for her. I dont know if fellow pakistan brothers accept India's domination in conventional sense or not but for the ones that dont will have to face the hard truth that in a few years India's conventional superiority will turn into supremacy.
IMO the gap exists more on the navy and AF front as compared to Army.
If I talk only about the topic then also I can confidently say that Mig 29k on Vikramaditya will be a very severe threat to China and pakistan. Pakistan simply doesnt have the assets to nuetralise such threats, even if they use their cruise missiles etc the plain fact is that a carrier will be india's last line of defence and the stratergic depth that Vikramaditya will have due to frigates and destroyers of IN will make it nearly invincible.
