Its a pity that she is going this way, but to clear a few points up. She was commissioned 4th May ’61 into the Indian navy, after being bought from the RN in ’57, she was originally laid down as HMS Hercules back in ’43!!
The Indain navy has still got our old great ship HMS Hermes now known as INS Viraat and is still going to be around till 2010 ish which is great for such a loverly old ship.
In ’89 the Indain navy put forward a plan for 2 new 32,000+ ton a/c carriers which will carry the mig-29 and sea-harrier!
As far as I am aware this will be the only navy using these two a/c side by side.

INS Viraat…note the Sea-Harriers and KA-31 Helix