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I think its possible to develop such a missile. We already have the DRDO Shenya light weight torpedo. We need to upgrade if we can and mount it atop a rocket booster (with a length < 3.3 m and dia < 0.52 m) of that can hurl a 220 kg warhead (in this case the Shenya torpedo) to at least 30 km away. Later on when we develop the UVLS for the Project 18 destroyers, we can easily fit this into the VLS and voila our own Anti submarine missileSo in conclusion, we do not have a system comparable to Yu-8 in service.
How difficult can it be? I bet it can be made in 1 year. All the Navy has to do is ask.
@aditya10r , if possible, ask commodore sir this.