It's a dead-heat between the Boeing F/A-18E/F Super Hornet and the Mikoyan MiG-35. France's Dassault Rafale and Sweeden's Saab/BAE Systems Gripen are not serious players. The competition may actually be just a proxy fight for deciding who can help India's civil nuclear infrastructure the most.
We are referring to the competition in India for a USD6 billion contract to replace a Soviet-era Mig fleet with 126 new multi-role jets. (Great Indian air force site here.)
The analysis above comes not from us, but from a far more knowledgeable (and surprisingly helpful) source: the Russian ambassador to New Dehli.