chhota bheem
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Not going to happen my friend.
In case you have not realised the Indian economy is going through a very bad time now and it could be several years till it starts growing at 7% a year plus. Defence, along with all other areas of government spending, will take a big hit.
While the BD Navy is currently weak, there are already plans to increase this substantially over the next 5-10 years.
With Pakistani, Bangladeshi, US and soon to be Chinese presence in the Indian Navy, forget about India ever "dominating" the Indian Ocean. India will be just one of many countries having a presence in the Indian Ocean.
Really ,do check the map and zoom it if you dont understand and see where Indian ocean is and where are pak and BD and think if the comment of your does hold.