Excellent analysis and agree 100%. The F-7BGI's we have are very capable lightweight maneuverable platforms for the WVR scenario under the cover of BVR capable fighters, owing to the latest batch having full glass cockpits of Chinese origin, and their double delta wing planforms.
The rate of success in WVR dogfights is more certain under BVR cover, and some of the BVR automation in newer fighters gives false confidence and hope to current crop of pilots with 'push-button' training. In a close-in dogfight scenario, the determined and trained pilot with steel nerves and a 25/30mm dumb cannon wins every time. Running away trailing schaff and flares won't help.
By the way - I also heard last year that some SE Asian AF (Myanmarese?) have ordered the latest variant of the F-7, the Guizhou FTC-2000. Compared to the F-7BGI, the wings were made larger, more advanced, with seven hardpoints. It is capable of firing BVR guided munitions similar to those used by the JF-17, such as SD-10, and also the CM-102 anti-radiation missile, and various guided and non-guided bombs. It uses the Liyang WP-13 engine, a variant of the Tumansky R13 used in later Mig 21 versions.
However I'm willing to say that as long as Hindutvas have a say so with Hasina (IMHO they surely do), we won't be getting full BVR capable fighters (and guided munitions) for a while to trump anything India fields in the sky or be remotely capable to tackle/resist IAF in an adversarial capacity. Hindutvas will and have made sure of it, thanks to Hasina. I will be happy to eat my own words if I'm proven wrong.
I don't honestly know if the upgraded MiG-29 9-13's (?) we have (not SMT's for sure) have that capability or have even partial BVR capability.
@Destranator,
@Michael Corleone and
@Ronin bhais may have latest info...