Yes it would if the FIRST 120 werent so rubbish and lacking even basics that we find as standard in IOC vesion of of our very own Tejas
Those basics being ( and completely missing in first 120 block 1 & 2 ) include
Efficient smoke free engine with low maintenance and service life of 5000 hours
Helmet mounted Display with HOBS missles
A real safe FBW ie full quadruplex FBW system so its moves better than a F7 & MIG21 and more like a gripen
Finally a build quality to include composite materials to reduce stress and fatigue
This is how a good low cost 4th generation looks and includes all of the above from first version
View attachment 729966
View attachment 729967