SamantK
SENIOR MEMBER
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True but the way it is playing out ie payments spread out over a period of time is interesting. In effect India is getting $75 BN worth of defence products this year in the sense the deals will be signed this FY- this is somthing to ponder for sure. Of course deliveries will be over a period of years but they will be quick due to the compaines the deals are with ie Europeans and US. In a sense the ~$40 BN budget masks the true amount spent on defence in FY 2012-13!
It has been interesting and has been long due, there is a small thing that India could not do.. i.e regular purchases to make things look less suspect.. otherwise there is nothing to it.. good for us "der aaye par durust aaye"