Seeing from the discussions on India defense, I doubt if India would go for the F-35, unless they really want a modern VTOL aircraft for their carriers. The F-35 is the only aircraft out there with that ability. The Americans offered India to participate in the JSF program. They rejected the offer, and instead went on to focus on HAL/Sukhoi FGFA.
As far as additional MiGs go, I doubt if it'd be in the interests of the BAF.
And most importantly, the classic MiG-29 production is no more. With Myanmar being the last country to order the classic Fulcrum. The Russians are now shifting their focus to production of MiG-29K(Navy), M1, M1 and the all new MiG-35.
Russia Discontinues Classical MiG-29 Production
I don't think wallet would allow the BAF to go for the MiG-35 at the moment or anytime soon. So, it may be the FC-1 or the FC-20. We just don't know.