It is a mite concerning that Pakistan seems to be able to (to some level) mitigate Indian developments without too much of a timelag. For instance, India brings in the Phalcon, and Pakistan gets the Erieye not too long after. This is of particular concern when it comes to the MMRCA program, particularly if India takes too long to select/induct the winner(s). Already Pakistan has AMRAAMs, it is advancing its air defence network, and will obviously get all the assistance it can from China. This can be seen in other areas as well, for instance in submarines where Pakistan seems to be taking full advantage of time-lags in Indian procurement/development to always stay within range (even though not matching Indian capabilities). It may be high time for the Indians to see what they can do to enhance both efficacy and efficiency, because the modern (and future) environment will have its neighbors (a rich China and a poor but apparently dedicated Pakistan) only getting more sophisticated and capable. There was a time when Indian planes were the ones with actual BVR capability, while the Pakistanis had to do with the help of Allah. Now the Pakistanis have AMRAAMs (I guess the US never will learn), and now have a very capable AEW&C capability. To this add China, which is many magnitudes more capable than Pakistan will ever be, and the position for India is one that absolutely demands an end to anything that would put the country's safety at any level of risk.
If it was up to me (and obviously it is not) for the MMRCA selection I would cancel the Tejas for the LCA and instead induct the Gripen NG (for domestic development purposes I would instead direct the resources for the LCA modernisation from MiG-21 ++ to Gripen NG-lite to joining up with, say SAAB and the South Koreans - and Israel -, towards developing a more advanced variant of the stealth AMCA concept), and for the MMRCA opt for either the SuperBug/Typhoon/Rafale. With the (new) LCA and the MMRCA, and the current SU-30MKI (with AESA upgrades), the Indian airforce would be easily more than enough for India's needs, with that capability only getting better as the FGFA (T-50) and the AMCA eventually come on line. The technology transfer (from the 'new' LCA and the MMRCA selectee), as well as experience from the stealth AMCA co-development with SAAB/South Korea/ Israel, would prove to be quite the boon for the national defense industry as well as private industry.
That is not how it will be done (and I am sure for good reasons), but that is how I would do it.
The Gripen NG would have made an excellent LCA, but I believe one of the requirements of the LCA was affordability, so that it could be fielded in greater numbers. The Tejas certainly should fit that bill, and will be an excellent replacement for the MiG-21bis that the IAF is flying.
For that very reason, I highly doubt that the Gripen NG will be chosen for the MRCA. Too small. My money is on the Super Hornet, if only for engine commonality with the Tejas.