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It's too late to go with the Su-57. Even if we start now and make no unnecessary delays, we are looking at 3 years of negotiations and discussions with respect to the specifications. The Russians themselves have very few Su-57. So few that one could believe they are nothing but glorified prototypes and they need further funding and materials coming in en masse (the latter being not possible due to sanctions or something). It'll take them at least 3-4 years further to conduct proper research to ensure that it lives up to the desired parameters and can be pushed into production.In light of urgent needs IAF should order the Su-57 with latest engines. We should also buy 2 extra regiments of S400 and 5 Regiments of the S500, we should also opt for local assembly with TOT.
It'll take some time for the factories to be set up and given that Russians are notorious for delays, include 2 years for it to enter production, factoring everything foreseen and unforeseen. You are looking at 8-9 years before India takes ownership of it's first Su-57. The Russians will obviously want it for their own air force, which means the sum total of Su-57s produced won't just be for the IAF. It will take another 5 years for all orders to be fulfilled. We're now looking at 14 years, realistically but if you are an optimist, it'll take 10-12 years minimum. It's not worth it IMHO.
It's better to stick with AMCA and fund it appropriately with no delays. The knowledge and experience DRDO ADA would've gained in developing it will give them a very good expertise and momentum to carry forward with the development of a sixth generation fighter as well. India simply cannot be dependent on Russia or any country for that matter as far as defense equipment goes, by the time 2040s roll in. That's the decade that'll either solidify India as a great power or whether it will be a dud.