The US has strengthened it's friendship with India partially to act as a counter to China.
But India's military and especially it's airforces are in deep poo:
1. Long delayed equirement for nearly 200 light helicopters has just been cancelled.
2. The entire ASW helo fleet is obsolete and generally non-operational and ships often deploy without helos. Replacement process is mired in bureuacracy.
3. MRCA contract for 126 new Rafale fighters is stalled. Allocated budget looks like not even covered half of that number.
4. LCA Tejas service entry constantly being delayed. By 2020 only 40 interim limited capability Mk I's expected to be in service.
5. Su-30 deliveries are behind schedule because of incompetence of main contractor, Hindustan Aeronautics Limited (HAL).
5. Because of 3.,4. and 5. , India's fighter fleet is shrinking. The most numerous fighter is still the MiG-21 in it's M, MF, bis and Bison variants. They're expected to serve to 2022 at least! The rest of the older virtually obsolete fleet includes 80 MiG-27 (phased out by 2020) and 140 Jaguars.
6. Only successful fighter projects are upgrade of 49 Mirage 2000 and 62 MiG-29s as well as acquisition of 46 carrier capable MiG-29K fighters.
7. Carrier fleet renewal and expansion is heavily delayed. "New" Russian built carrier has only entered service now after constant delays and indigenous one is years behind schedule.
8. Training fleet is in dire straights with HPT32 grounded and Kiran jet trainer insufficient. Heavily delayed projects to replace with BAe Hawk and PC-7 are only now starting to come to fruition.
9. HS748 transport replacement stalled.
10. Some limited acquisitions of US transports have been successful 10 C-17s and 13 C-130s (includes a replacement for a crashed example). However ageing An-32 and HS748 will continue to provide core tactical service.
11. Maritime patrol a success story with acquisition of 8 P-8I Poseidons and upgrades of 5 Il-38 and 8 Tu-142s in interim.
12. AWACS slow introduction of 5 A50 and 3 EMB145.
13. Future fighter programs are either being cutback (PAKFA down to 144 airframes from 200) and AMCA being delayed.
Basically India's air power capability is not growing and there are serious concerns about it's ability to be able to counter both Pakistan and China.
The biggest issues are mindnumbing bureaucratic, idiotic indigenous content requirements, extremecorruption and budgetary issues.
The Pakistani air force is in a similar issue so the status quo is maintained there.
But the Chinese Air Forces are in ascendancy with numerous new jet fighters (J-10/-11/-16) introduced every year to replace older ones and 2 5th generation stealth fighters (J-20/-35) in the pipeline.
Don't look to the Pacific for counters either:
Taiwanese Air Force is reaching a death spiral with no new aircraft entering service and at least 70 and possibly as many as 130 fighters out of 400 being withdrawn by 2020 without replacement.
- South Korea F-4 and F-5 approaching end of lives by 2020 but not enough funding is available to replace all of them with F-35 (40 airframes ordered) or F/A-50 (60 currently ordered) and KFX years behind schedule. Indeed under current forecast, ROKAF shrinks by 100-140 tactical aircraft by 2020.
- Japan Only 38 F-35s to be ordered. F-3 is years away from service and F-15 upgrade has been slow and a number of earlier F-15s are running out of service life.