I would say now that China cannot guarantee to beat IN in IOR - it could go either way.
But come 2020, when the new aircraft carrier is inducted, Type-55 cruisers and Type 95 SSNs start coming online, then PLAN will easily trounce the IN in the IOR.
Agreed.
As per Hanuman-Chow Mein treaty of 1745 India will shut down everything till 2020.