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This is a case of biting more one what it can chew. Small steps are better than big steps when learning to walk. The Korean example is a good one. It developed T-50, a scaled down F-16 (but still nimble enough to be uparmed to frontline fighter for developing countries), now it's developing KAI-FX.
The F-16 offer is an excellent opportunity in all important metrics: defense platform, industrial access and development of local industrial base, strategic politicsl leverage on a lot of countries.
India can then continue on modernizing F-16 in cooperation witj Americans while at the same time learning critical techs therefrom. Then India can build a stealthy version of F-16 with LM and other US companies' help. Surely, not as sophisticated as latest US tech but good enough for supportive roles or for the needs of air forces of developing countries.
The F-16 offer is an excellent opportunity in all important metrics: defense platform, industrial access and development of local industrial base, strategic politicsl leverage on a lot of countries.
India can then continue on modernizing F-16 in cooperation witj Americans while at the same time learning critical techs therefrom. Then India can build a stealthy version of F-16 with LM and other US companies' help. Surely, not as sophisticated as latest US tech but good enough for supportive roles or for the needs of air forces of developing countries.