Fair question I guess - what else to do? With hindsight, they'd have had a better time of it licensing CVF with UK industrial participation, they could have had one one fitting out by now. Sod the Migs, make the NZ's an offer on their scooters (which were fitted to a very modern standard and you've a pretty decent gap filler for Harrier, talk to the French about integrating MICA for BVR (I don't think the US would sell them AIM120, that being the stumbling block for the sale of Shar2) - and you'd have a fairly cheap but pretty useful CATOBAR kernel to build on.
With hind sight there are more options, join CVF, have the Spanish build an enlarged version of the PdA, or teamed up with the Italians. However those would still all be STOBAR or jump jet carriers.
Any new CATOBAR build would have a hurtle of getting the US State Department to approve the sale of the cats, no one else makes them (or has made a new set since at least the 1960's). That would also be the stumbling block in getting hot rodded A-4's. NZ would need State approval for sale to another country. In the early 2000's none of that would of happened. 2009 and above they probably could of gotten permission and catapults.
Any modification of the scooters would of had Israeli tech rather than the French since the Indians have worked extensively with the Israelis in the past and they were a user of the A-4.
Remember the original deal was the ship itself was "Free" but the refit was for $800 million in 2004 USD. Even the critics who said that was an extreme underestimation of the cost never imagined it would total out at nearly 2.4 billion USD, or that India wouldn't walk away after the cost started ballooning and Russia started making claims that if India didn't want the carrier they'd be happy to keep it (without refunding any money).
Hell, anything has to be better than what they got in the form of a STOBAR carrier that had laid derelict for ten years and for which no-one had the plans for anymore..
Well, I suppose the Chinese could of used a third one as a museum/casino/resort...
Back in 2008 there was a rumor that the Indians would be offered the Kitty Hawk. The Indian media ran with it and the forums went crazy while the US DoD scratched their heads since no one ever offered the ship to anyone, eventually a reporter asked about it and it was denied on both ends.
The Clemenceau's were probably a better bet even - but a new build with GT's would be way cheaper to run.
You are thinking like a 1st worlder where service members are well paid and expensive. A steam ship is still dirt cheap to run for a country that can just throw people at it (so to speak).
Invincible would have been coming up for sale in 2005 - that's half the crew size of the Russian jobby..
Too small to run anything other than Harrier and it has a messed up hangar. It could probably serve as an interim ship until their own new builds come on line however. But why do that if you can just keep their existing ship limping along?
I can see why they went that direction but I think come ten years, the Indians will have an awkward mix of ships, machinery and operating methods, using up a lot of manpower to keep them ticking over.
That is the IN method of operation, why do you expect that to change?