sancho
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Not really, simply because India has a way bigger market for arms and the needed money to purchase them!Pakistan can take advantage of India playing game with both USA and Russia as one will lose and can sell to Pakistan as reaction to Indian decision.
You just need to look at how many new arms deals already comes from Russia (Mi17, FGFA, MTA, Mig 29K + carrier, frigats and subs) and how many likely will go to western countries (light uttility helicopter, combat helicopter, heavy transport helicopter, tanker, C130 & C17 transport aircrafts, LCA MK2 engines and most likely MMRCA). There is no way any side could will lose and Pakistan could take advantage out of it, because they all can make more money even with a part of the Indian market.
That is the reason why US went towards India now, they aim is to make money and that's why they MUST come closer to us, even if they have good relationship to you.