In what world would you even start talking about deterrence when the result is, word-for-word from you, "India may lose some, but Pakistan won't come out unscathed either"?? With population and defence budget 6-7x larger than Pakistan and that's all you can achieve?
I agree India's performance isn't proportional to its budget. But you aren't factoring in a very important element here. Pakistan is a nuclear power. Numerical advantage stops being proportional once your opponent has nukes.
For example India cannot do a blockade of Karachi or do a ground invasion of Pakistan, ever. Other than non-state sub-conventional proxies like BLA/TTP, the only conventional thing India can play here are AF and AD. Here's what happened -
1. India killed about 20 terrorists and their handlers, including one IC814 hijacker. Some civilians were collateral damage, unfortunately.
2. During the attack Pakistan shot down 2 Indian jets (confirmed) including the one Rafale, a very hyped and costly jet.
3. Pakistan targeted Indian military bases with missiles and drone. And eventually launched a ballistic missile towards Delhi (intercepted).
4. In response Indian bombed and damaged multiple PAF bases from North to South of Pakistan, with near impunity.
5. Nothing remotely similar on Indian side. Cease-fire few hours later, some violations happened afterwards, but it looks over.
I can't think of a better outcome for India than this. In total, Pakistan bagged two air-to-air kills. I am ok with that.
Oh guys of course we all forgot. It's PAKISTAN who started the Operation Tandoori Chicken on May 7 and started this whole shooting war. How could we ever miss this..
Tandoori chicken is a fine dish.
"Smell test" isn't have you make a proof. You're just saying things to compensate your ego from all the downed indian aircrafts with ample proofs of photos and videos.
That is fine. I have said from the beginning that this my personal hunch. You may disagree.