Ahead of the press conference, the IAF also showed video clips of the Balakot strikes.
Pakistan lost an F-16 and India a MiG-21 in aerial engagement with the Pakistan Air Force a day after the Balakot strikes, IAF chief Bhadauria said.
Talking about the IAF shooting down its own Mi-17 helicopter in Budgam on the morning of February 27, he said it was a "big mistake on our part".
A Court of inquiry has submitted its report and the IAF is taking punitive action against the guilty, he said.
Disciplinary action is being taken against two officers in the shooting down of the chopper, the IAF chief said.
A surface-to-air missile of the Indian Air Force brought down the Mi-17 aircraft in Kashmir's Budgam on the morning of February 27 when the Indian and Pakistani air forces were engaged in a fierce dogfight, a high-level probe had concluded in August.
Bhadauria also said acquisition of Rafale aircraft and S400 air defence systems will greatly enhance IAF's operational capabilities.