Time to kill.
IMHO we lived this far without Apaches,
There could be a number of reasons for going with the US product and not all would be military related - some will be political and yet others commercial. I cannot say, but I would guess none of us would have a complete picture of such events.
But, I find this argument to be diluting (some others have made similar arguments in other threads) - it is tangential and very quickly drags a perfectly good discussion into the nether world.
 and I don’t think a squadron of gold plated apaches will make that much difference.
I JUST googled to find that India could/would/should be ordering more Apaches!!! This time for the Army. How many? Do not know - there could be figures out there, but I did not chase that (yet).
 Note that only half of these have the long bow radar. 
Nothing to be alarmed about - not all are expected to have the Longbow radar.
The "Longbow" (1997ish) is a "modified" Apache. They are networked and if need be work as a group.
A war time loses will be high as far as chopper fleet is concerned for IA/IAF, this is mainly because of the proliferation of quality manpad’s in PA/PAF.
I think there were discussions on this matter. It sure is a concern, but if it is a major concern, then perhaps the Longbow/Apache is among the best to handle it at the moment.    ?????????
 We should be concentrating in getting the choppers (LCH, Rudra etc) in numbers and getting these assets to standard through upgrades based on the operational performance. 
Been hearing that for eons. But, such efforts take a lot of time. Does not mean that India go after a lot more Apaches, but, until such helos are proven there will always be a gap to be filled.
As far as the LCH not in production view point, we haven’t retired our MI-35’s yet. 
In that case why did the IAF ask for the Apache type of a helo? That too twice. (Just curious.)
We could live another 3-4 years without Apaches, as we are doing the same without artillery guns, LUH and MRCA.
Oh, that diluting and distracting argument again!!!! What has not living with the MMRCA or guns to do with living with Apaches?
 Interact with HAL, get things up to the speed and get it in to production. 
The apaches are of high standards and a huge success as far as American AF/Army is concerned. We need to work on LCH and make it to the Apache standards, buying gold plated won’t help our economy or war fighting capability in long run. 
IA/IAF do not have the luxury to wait for events to happen and at times they have to dictate the ground situation. I have not followed the Apache acquire (A Russian helo was rejected?), but certainly the someone saw the need for such machines.
On "gold plated", what is not? The FGFA too is. So is Vicky - double gold plated - even the wires are made of gold. And the Rafale will take the cake I bet. They ALL are.
However, said this about 10 years ago: there will be convergence of interests between India and the US until 2045ish and circumstances will force the two to come together - no matter what anyone thinks. Russia will gravitate towards China (it used to be the other way around) and Indo-Russo relations will be luke warm. We can see that being reflected in both the FGFA and the MTA deals. IMHO, IN will have a Russian tilt and the other two a Western one.