India's naval buildup is aimed with one eye on the PRC esp with regard to it's aircraft carrier & N-sub programmes & a smaller one on it's proxy,Pakistan.You've probably not heard that Japan,Vietnam,Singapore & the US have all held regular exercises with the Indian navy over the past 5-6 years.
Thank you two for the information
Unfortunatley, the Chinese recently held similar exercises with them.
There has recently been an article here indicating that the Japanese are starting to re-evaluate the structure of their navy (JMSDF) and may be toward developing a true blue-water offensive capability (CVBGs, etc.). But then again, we hear that every spring...
Here's an interesting site I found on the Varyag Carrier:
http://www.varyagworld.com/
From the photos it looks pretty rusted. I think if the Chinese can't make money off it (another floating casino?), they'd chop it up for study.
For the Chinese to field a carrier in any conflict against Taiwan or the US, is like floating a big "SHOOT ME" target at sea. I doubt they're that stupid.