Kaveri was technology-wise contemporary till late 90s - ok, maybe even early 2000s. Directionally Solidified Casted blades, Flat rating concept, near to 1400deg C TeT, 21-22 OPR etc are all hall marks of late 1990s military engines either being unveiled and in mass-use then.
So should we label it as contemporary engine, carte blanche - hell no!!
Contemporary (1990s) Engine R&D and it’s impact on Kaveri: The thing that happened is, while we were busy developing Kabini/Kaveri, the established engine developers were all into deep R&D and prototyping of the next gen technologies, broadly in the following areas:
1) Turbine Blade material technology - TET increase is one of the most important factors impacting efficiency levels of turbojet/turbofan. And herein the material and casting technology able to withstand additional 300deg C operating env - SCBs partly answers that problem, but TBCs, introduction of higher temp oxidation resistance properties and multi-flow air path within the blades are areas where huge progress was made.
2) Compressor Design - Some sort of a re-birth of this dormant R&D area happened in the 1990s, with surge in R&D (back to basics phenomena?) in the 90s, resulting in huge (some say game-changer) advancement seen in 2000s. Compressor design gains (and to an equally important aspect of the developing an industrial manufacturing capability to translate these design gains to actual manufactured products) direct have a bearing on Pressure Ratios, the other most critical parameter in a turbojet/turbofan.
The advent of supersonic compressor blade speed (1.6M - while Kaveri is stuck at transonic level of 1.2M etc), multi-circular blade design (kaveri, I think, is at best double-circular arc design), low-aspect ratio blade design and more importantly, the advances required in manufacturing engineering technology R&D (and subsequent manufacturing engineering capability) to be able to translate these designs into a high-strength and relatively high-temp compressor blades and disks, ensured that achievement of 2000s contemporary PR levels of 28-30.
So yes, the technology levels that we see in Kaveri/Kabini are what were already available in the military engines on 1980s and 1990s - i.e. these were in R&D and developed in 1970s and 1980s. We started the R&D and development in 1990s and two decades later (slightly more than what has been achieved by the western engine design houses in 1960-70s, maybe) we have close to a working engine.
But the engines available today (F414, for example) have already incorporated the technologies that were developed in 1990s and 2000s.