It might sound far-fetched here, but, if produce our own aircraft by 2050 then, India might actually be a 1st world country by then.
For the umpteenth time:
please, stop using cold war era jargon.
1st world = NATO and allies
2nd world = Warsaw pact and allies
3rd world = N.A.M.
I think the word you are looking for here is high-income economy/developed country.
Coming back to your point, right now we are a low-income economy that has just started moving towards a middle-income status (where PRC is today). We can become a middle-income nation by 2035 if all goes as per plan and no black swans spread their wings. Its the next part that is important- the transition from a middle income to a high-income economy. That makes the difference between us being on-par with USA or exceeding them (in gross GDP and military budget terms). If we get stuck in a middle income trap like Brazil, it would be a blow to humanity (I am not shitting you). We need a seamless transition in the 2030s and early 2040s to become a
fully developed economy by 2050. This is something South Korea executed perfectly and China is currently beginning to attempt the same.
This means all headwinds to globalization are headwinds to our growth. China grew so fast 'cause it had the winds of globalization in its sails. We, on the contrary, are beginning to see headwinds slowing us down (protectionism and automation) and reversing globalization (BREXIT and TRUMPENTER).
Having said that, I would personally not ignore the F-18 or Gripen bids. If we can fast track a technology somehow to apply on Tejas MK2 [ex. Better engines] . It should be considered. One titbit, if Hillary clinton wins, we should think that F-16/18 proposals will be revoked.
I loved how you mentioned the F-18 and Gripen but left out the F-16 in your comment.
I am telling you guys, a system like the F-16 is a waste of our resources. Its already exceeded its limits for modernisation which means it will not be able to keep up with the newer jets post-2027. We will be stuck with an obsolete platform for the rest of its service life.
We need the Tejas. Its a new platform that can be (and is already being) upgraded till the end of its service life in the 2050s. Its still however worthwhile to look at F-18. Tejas numbers are not going up any time soon and we have a gaping hole to fill in our defences. Best case scenario:-
200 F-18 Advanced super hornet
300 Tejas LCA
But don't go for the F-16. I am telling you:-
In any case, Gripen won't win. Greater requirement from this tender for single engine fighter is ToT on turbofan technology required for the development of a suitable engine for AMCA. This is where SAAB's partner Volvo aero can't help. So more or less this is a single vendor tender. Considering American don't back out on ToT.
Why would America back out on TOT?
And yeah, you are right. Considering that we are getting the same engine in Girpen that the LCA has, it is quite a bummer.
BTW, in the wake of the French offer on Kaveri, why are we looking for more ToT in engines?