Sunday, February 05, 2017

India Announces Marginal Increase in Defense Budget for Next Fiscal - Sputnik

New Delhi (Sputnik) — Presenting fourth consecutive annual budget for the nation, India's Minister of Finance Arun Jaitley has allocated an overall $40.31 Billion for the defense service, a marginal increase of 5.7% from previous year. "Marginal increase in defense budget is barely adequate to allow for domestic inflation. It is insufficient to cater for the increase in pay and allowances due to the implementation of the award of the Seventh Pay Commission," says Brig Gurmeet Kanwal (Retd), Senior Fellow at Institute for Defense Studies and Analyses (IDSA)....

-bth: for all the talk about an expanding Indian defense program, the fact is that it isn't keeping up with inflation or foreign currency rates. It is stagnant at best and a fraction of the Chinese budget. One wonders if it is even adding to its artillery and ammunition reserves. It is certainly not keeping up with aircraft attrition.

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