Right now we are completely ill prepared to fight any war. Our mechanised forces are completely junk, we don't have enough wheeled platforms for rapid deployment, no proper attack helicopter, no sizeable 3rd gen ATGM, zero night fighting capability, no secure communication, no net centric capability, no TBM etc.
Heck we aren't even modernising our artillery despite having multiple platforms instead we are dragging them in the name of trials.
All the indigenous alternative of the above said short comings are available but we are more interested in kick backs and useless over expensive imports.
Sometimes I feel our generals and security planners should be tried for treason.
We have some or most of those. Whatever's very important, we have all of those in some capacity. Whatever's moderately important, like the ATGMs, we have 2nd gen ones anyway, we have enough capability. Whatever's not as important, like wheeled platforms, it doesn't matter, we didn't have them before, we can make do without them today.
The army has netcentric capability. Only the TCS needs to be developed and inducted, in the meantime we are introducing some stopgap comm systems at the tactical level from Israel.
We have TBM - Prithvi. Pralay replaces Prithvi.
Our army is outdated, but still far more advanced than the PA. So we are relatively modern enough. You gotta compare our army to the PA, not the US Army. The army's main modernisation is expected to take a decade.
But what's really important is the air force, and we significantly outmatch them there.