kurup
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We need 2 decades to catch up and that too if we increase the budget of isro from current pathetic 1 billion$ per year
In the next two decades the most powerfull LV Indian is planning to develope is ULV .
Even the heaviest version of ULV only has a lift capacity of 15,000kg to LEO .
This means even if Japan stand still without any R&D for next two decades ,even then India will not be able to catch up with them .
Now we are into the liquid motor as well as cryogenic engine also. Here the point is not the technical ability but affordability. India can supply the same as much competitive rate.
With GSLV MK III we shall reach upto 12000 KG+
Even in cryogenic technology they are well ahead of us .
They are just third behind US and Russia when it comes to space technology .
As for affordability I agree with you , India can launch satellites much cheaper than Japan .