The Indian Air Force (IAF) is fast-tracking its modernization drive, seeking the acquisition of 114 Multi-Role Fighter Aircraft (MRFA) alongside an urgent push for additional Rafale jets to counter a critical drop in fighter squadron strength—currently at a record low of 31 and set to decline to 29 with the retirement of MiG-21s. Valued at an estimated $15–20 billion, the MRFA program is intended to bolster combat capabilities amid escalating tensions with China and Pakistan, with an emphasis on domestic manufacturing under the Make in India framework. The IAF is advocating a government-to-government Rafale deal to expedite deliveries and capitalize on existing infrastructure, balancing the induction of combat-proven platforms with the development of indigenous projects such as the Advanced Medium Combat Aircraft (AMCA). Strategic partnerships, including Dassault Aviation’s tie-up with Tata Group for potential local Rafale production, highlight India’s pursuit of self-reliance in defense manufacturing. Together, these measures represent a comprehensive effort to restore operational strength and fortify the nation’s aerospace power.