India announces huge defence budget

[SIPRA]

Anyway considering India no longer have to deal with Pakistan but China, they should increase budget to $100b like now.

Fully agree. Rather, it should be $150b.

 

[Indos]

$51b? Pretty sure defence budget was $62b for 2021-22. Maybe they received less then projected. Anyway considering India no longer have to deal with Pakistan but China, they should increase budget to $100b like now.

Defense budget is always calculated by bringing not only Armed Force budget, but also Defense Ministry budget. Total for Indian in 2022/2023 defense budget is 70 billion USD

 

[SIPRA]

India shall also provide for some "provisional sums" for incidences, like Galwan Clash.

 

[maverick1977]

https://twitter.com/x/status/1488419677005312001

i think it went up from 45B to 51B...

 

[TheSnakeEatingMarkhur]

I dont think India is begging from IMF for grants/loans/aids etc. Neither India is begging from other countries.

Pehle baat to aapko ghabrana nahi hai


I think IMF loans/grants will reduce poverty and will make a country super rich.


10% increase is normal and is within expected figures. It is not some huge increase.

Hame ghabrane ki zaroorat nai he lekin yeh dekhne k baad tumhe ghabrahat zaroor hogi.

I dont think India is begging from IMF for grants/loans/aids etc. Neither India is begging from other countries.

begging

West Bengal ranks top with 81,224 beggars: Govt informs Rajya Sabha

India has over 4 lakh beggars, Union Social Justice Minister Thawar Chand Gehlot informed the Rajya Sabha

www.livemint.com

I think IMF loans/grants will reduce poverty and will make a country super rich.

India: extreme inequality in numbers | Oxfam International

www.oxfam.org

 

[Akatosh]

$51b? Pretty sure defence budget was $62b for 2021-22. Maybe they received less then projected. Anyway considering India no longer have to deal with Pakistan but China, they should increase budget to $100b like now.

It was 62 bil for 2021-22 including Pensions.
For 2022-23 it is 70.25 bil.

 

[Riz]

Means they will down further in global hunger index ?

 

[SIPRA]

If China again screws India, in the next fiscal year; where is the cost of remedying the effects?

 

[kingQamaR]

Indians fully agreed to USA anti China policy and put themselves forward as a country to stop China. Now thee defence budget has to reflect this blunder from there Indian policy makers

 

[Brar]

Not a huge increase. At least nothing compared to the increase in butt hurt this thread has created

 

[applesauce]

Indians fully agreed to USA anti China policy and put themselves forward as a country to stop China. Now thee defence budget has to reflect this blunder from there Indian policy makers

india should match chinese defence spending.

oh wait, india buys everything abroad, from bullets to jets...

india should totally have double the chinese defence spending. I'm all for it!

 

[xuxu1457]

India total budget is 560billion $,
while.in 2021, US defence budget 700billion, China spent 600billion $ on education

 

[KrimesKaster]

Nobody "begs" for loans.

Actually, given the conditions on which loans are there, its literal begging.

Here are the conditions on which Saudi Arabia gave Pakistan loans : https://asiatimes.com/2022/01/how-low-can-saudi-pakistan-ties-go/

(Leave the removal of investment part ... those are a story for some other day. Lets stick to the loans only.

Pakistan approached Saudi Arabia in October last year for a $4.2 billion bailout arrangement, which included a $3 billion cash deposit and $1.2 billion for oil on deferred payment.

Unlike the previous lenient terms, Riyadh put tougher conditions on the new facility.

The $3 billion cash facility carried an interest rate of 4%, higher than the previous similar facility Pakistan obtained in 2018 at a 3.2%. That means Pakistan will pay $120 million in interest on the loan.

The new Saudi package also had no rollover facility, unlike the previous arrangement. Another part of the agreement stipulates that Saudi Arabia can demand a refund of the loan from Pakistan at any time on 72 hours’ notice, with or without giving a reason. Saudi Arabia could also demand an immediate return of the money in the case of a sovereign default.

A delay in timely interest payment and failure by Pakistan to comply with any provision of the cash deposit agreement would be tantamount to a default under the deal. Non-payment of public external debt of more than $100 million by Pakistan and an end to IMF membership would also constitute a default according to the agreement.

And here is the worst part :

The agreement terms further revealed that in case of any dispute on the terms of the agreement, Saudi law would be applicable for arbitration.

When Pakistan has to borrow on SUCH kind of humiliating terms, its no longer negotiating... its begging.

 

[jk007]

India total budget is 560billion $,
while.in 2021, US defence budget 700billion, China spent 600billion $ on education

$600B in education? Please elaborate.

Does China has all free education?

 

[KrimesKaster]

To all the Pakistanis jumping up and down, total allocation of defence ministry is 70.5 billion dollars. For a GDP of 2650 billions (that actually is the GDP of 2020-2021 and NOT projected GDP of 2021-2022 which is projected to be 3120 billions); this yields a percentage of 70 / 2650 = 2.64 %. For a comparison, Pakistan spends about 3.1% of its GDP on defence (8.8 billion defence budget on a GDP of 280 billion (2021)).