Wood
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With or without F35, I would vote for India procuring F21 or Griphen E. These two planes come with the the promise that the manufacturer will set an assembly line in India that will in future be used for export to third countries. This is a very tempting proposition that may kickstart something similar to the IT outsourcing industry of the 80’s. One can make arguments about F21 as an old platform and Griphens being another Tejas; but the strategic prospect of kickstarting Indian private defence industry is big enough to weather these claims.US wouldn't offer F-35 unless IAF procure F-16s in significant numbers i.e., atleast 200 as per the MMRCA 2.0 requirement. Even then, we'd be last in line and end up receiving our first F-35 in a good 15+ yrs given our flawed procurement process and neverending negotiations. Working on AMCA is a better option anytime since it would help us in achieving complete self-sufficiency in fighter jet further on. Also, LCA project lead to setting up of several research & test facilities which should quicken the overall development cycle for MWF, TEDBF & AMCA