My reaction to any US input is that US is an unreliable supplier. Look at the furore over Turkey ordering S-400 resulting in US breaking its agreement with Turkey to participate in F-35 production and breaking its agreement to supply F-35.It will have to be modified for single engine use- redundant controls etc. but certainly in the realm of possibility.
M88-2 for Indian Rafale (73kN)
M88-3 for LCA IOC/FOC/MK1A (An 80–93 kN thrust variant for single-engine light combat aircraft)
M88-4 for Mk2/TEDBF/AMCA (A 95–105 kN thrust variant for heavier single-engine fighter aircraft)
-3 & -4 are probably paper engines or lab experiments at best- will need substantial time, money and effort to see them through to the finish line. There is also the issue of fighter compatibility like 5(?) years wasted on LCA to adapt it to GE's F404 from GTREs Kaveri earlier. ADA will be the best judge on this.
But what it gives us in return, is no strategic dependency on a fickle minded Uncle Sam who keeps threatening CAATSA. We already have a successful model in Shakti/Ardiden helicopter engines- only have to replicate it. Makes immense financial sense but Safran may be unwilling to offer the same mouth watering terms as RR (total IPR once the engine dev is paid for like with automotive engines)- which is then next best option.
Over the years I have learnt that a decision by GOI regarding defence is about as useful as a contract with a US defence supplier. There is no guarantee that what was contracted with a US supplier or what was decided by GOI will ever come to anything. Nevertheless, I would be interested to know when GOI will make a decision to proceed with (and fund) development of a 110kN engine.
Regarding the players in contention, I thought SAFRAN were rejected on price grounds and RR selected.
I truly hope that India does not screw up on this project. Without an engine that India is free to manufacture locally and free to supply to any country of India's choice (as part of an Indian aircraft), India's future as an exporter of fighter aircraft will be limited.