Indian Defence Budget

[rlevay]

Does anyone know (it must be soon) when the new Indian defence budget is released? I need it to finish this report for work.

Anyone interested in discussing how well they think India's military spending plans are going to go is most welcome too!

Personally, I'm quite sceptical about wastage/inflation eroding what is actually spent on procurement. I think India will be quite reluctant to lift the strict FDI limits on defence investments much further as well

[alexkvaskov]

Originally Posted by rlevay

Personally, I'm quite sceptical about wastage/inflation eroding what is actually spent on procurement. I think India will be quite reluctant to lift the strict FDI limits on defence investments much further as well

Well Russia is currently India's primary weapons sources, but they're cooperating with various other nations, such as the US for transport planes and Israel for UAVs (not sure on this one).

IMHO any progress against corruption in the Indian Armed Forces will take its cue from the success or failure of the current anti corruption campaign underway in the Indian government.

[dragonfire]

Originally Posted by rlevay

Does anyone know (it must be soon) when the new Indian defence budget is released? I need it to finish this report for work.

Anyone interested in discussing how well they think India's military spending plans are going to go is most welcome too!

Personally, I'm quite sceptical about wastage/inflation eroding what is actually spent on procurement. I think India will be quite reluctant to lift the strict FDI limits on defence investments much further as well

Well the National Budget is getting release in a short while. Traditionally the Indian Defence Budget is less than 3% of the national GDP and is between 30 to 40 Billion USD. A different Budgetary allocation is maintained for some of the larger modernization programs.

[dragonfire]

The Annual Budget has been declared, as expected there is hiked defence expenditure budgeted for. The budget declared is for approximately close to 39 Billion USD of which close to 16 Billion USD would be for acquisitions.

Union Budget 2012-13: Defence Budget hiked by more than 17 per cent - The Times of India

[jamwal]

India needs to hike it's current budget outlay to atleast 4% to counter China. Only god knows how much they are actually spending