Will India end up with both the F-35 and t-50?

http://www.indiastrategic.in/topstories462.htm

New Delhi. The India-US defence cooperation seems to be steadily growing with Washington now offering its latest Joint Strike Fighter (JSF) F-35 Lightning-II aircraft to India. But in the long run, there could be limitations over issues of Transfer of Technology (ToT) that India mandates now for major arms deals.

Representatives of Lockheed Martin, which is developing the aircraft, have indicated in the past that the aircraft could be available to India if the Indian Air Force (IAF) opted for the F-16 Super Viper in its quest for some 200 Multi Role Combat Aircraft (MRCAs) but recently, the company made a presentation to the Indian Navy without this condition.

Lockheed Martin’s Vice President for Business Development Orville Prins told India Strategic that a presentation about the aircraft was made to the Indian Navy recently after it expressed interest in the newer generation of aircraft for its future carrier-based aircraft requirements.

The Indian Navy is buying 45 Mig 29Ks for the Gorshkov, or INS Vikramaditya, which it will get from Russia in 2012 and its first indigenous aircraft carrier. But for its second indigenous carrier, and possibly more in the future, the Navy is looking for a newer generation of aircraft as the carrier itself is likely to be bigger.

Although the best of the weapon systems in the US are developed by private companies, the funding for their research and development is provided by the Government which exercises full control on the resultant products and their sale to any foreign country. ToT is a serious issue and in most cases, technology, particularly source codes, is not shared even with Washington’s best allies in the West or East.

Lockheed Martin apparently made the presentation to India after authorization by the US Department of Defense (DOD), but Prins pointed out that the F 35 could be sold only after clearance from the US State Department, for which bilateral negotiations between New Delhi and Washington would need to be held once India expressed interest.

The US is steadily emerging as a new supplier of sophisticated arms to India, which urgently needs to replace and augment its mostly outdated Soviet-vintage systems with high technology weapons of the 21st century.

Wouldn’t this make India a severe over match for Pakistan?
Should we sell the paks F-35s to keep balance?
Would the U.S. be more forgiving with the tech transfer if we get to look at the T-50?

Discuss, what impact will this have on the Sub continent?