plugwater
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No, dont tell me IAF ordered 5 awacs fitted in IL-76 and one in G550.It do exist and most likely it's operational under IAF only.
But even if not part of IAF, then Then it would 3 Phalcon (already operational) + 3 DRDO AWACS which will be operational in next couple of years. 2 New phalcon was ordered recently and it won't come before 2015.
He mentioned the word acquiring so imo it is from Israel not from DRDO. We will buy around 20 awacs from DRDO.