I think India is stuck in vicious circle. When you do not have best of Metallurgy technology, your design shall always be conservative (like Russian do) . If you design an ambitious engine (Such as only 5 stage compression in case of Kaveri), and can not come up with required blade and other metallurgy technologies, your engine will remain inefficient (As it happened in the case of Kaveri.) As we had to bridge a huge gap in technology, a Herculaneum effort was required. we fell short on budget and efforts. Russia was ready to help but we found those technologies bellow par with best. I believe that the only way left is to work hard and allocate a big budget to make it happen and simultaneously develop futuristic technologies such as parts containing ceramics, composite fans etc.
Recently, we have made a good progress in thermal coating and single crystal blade technology. This will require change in design as well to fully exploit these technologies. We must design an ambitious engine and work simultaneously to get the technologies by the time they are required.