I'll just wait here and watch how much of those funds needed for a carrier are diverted to the submarine fleet. P-75I is stuck in a loop, P-75A is already moving forward regardless, as are the SSBNs. The money you set aside for the submarine is going to get used up not by Navy, but by Army or Air Force. All the while, our submarine strength will fall and we'll also not have the third carrier either.
@Covfefe is right. If Navy concedes that it can somehow make do without the third carrier, you can bet your top Rupee that the other two services, MoF and MoD will work overtime to convince the Navy they don't need an aircraft carrier even 10 years later. Do you ever see Air Force compromise with its number of fighter squadrons? Look at Army, they compromised with number of Strike Corps (one Mountain Strike Corps instead of two), did they ever get it back? No, instead now a plains Strike Corps is being repurposed.
These discussions about "carriers being an expensive showpiece" need to be sunk regularly, as well as the arguments that proceed along the lines of "islands are unsinkable aircraft carriers".
Fleet planning is a long term game. You don't look at the immediate budget situation, you plan for the long term. In the long term, military CAPEX is sure to rise. Till then, its important that all three services keep on clamouring about how underfunded they are or the politicians of this country will end up giving all that extra money away in socialist schemes to win elections.