http://www.en.rian.ru/world/20110110/162090932.html (http://www.en.rian.ru/world/20110110/162090932.html)
Looks like this has been in the pipeline for a while, but will be a significant improvement in capability from their old Migs.
Vaguely reminiscent of the Mirage III/KFIR. Interestingly, no canard which seems to be popular with the European fighters it resembles. At 13 tons, it is pretty light, I'll be interested to see what kind of loads/ranges it has.
Here (http://www.globalsecurity.org/military/world/india/lca.htm) is another, more in-depth version.
India's regional rivals - Pakistan and China have a new export fighter that they've jointly developed - Indonesia is buying JF-17's too.
http://en.wikipedia.org/wiki/JF-17_Thunder
It looks like an arms race in South Asia.