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Too small...............we need a capability of at least 4500---5000 kg in geo....................so that we can launch our own heavier communication satellites based on 1-4k bus series.
So minimum requirement is gslv mk3
Even russians are struggling now,,,,proton m has crashed 2 times in the previous attempts,they have no money for r&d and result is before everyone.
I just hope we pump more money in cryogenics and semi cryos................we need bigger engines.
currently usa has a cryo with 2900 kn thrust,,,china with 700 kn and we are still at 75 kn and that too only 1 successful launch.
Second problem is due to bad metallurgy our cryo has an inferior t/w ratio compared to global counterparts,,,we need to speed up research there too