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Indian Navy Running Short of Money for Modernization Program to Counter China

Your ecomomy includes tens of Ghost cities which are abandoned by local population, to say the least.

Problem with you and your satellites is that you keep your FOREX and GDP in USD. And when the time comes, it will be wiped out like clean slate by US. Most of your FOREX is invested or loaned to US. What would or can you do if US doesn't return your loan?? Send your rusted submarines or casino aircraft carrier ?
So we should learn from India producing nothing and turning back to subsistence surviving, no. that's your way, but still ,how come Hong Kong, a small city of 6 million people, has more foreign reserves than India?
 
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So we should learn from India producing nothing and turning back to subsistence surviving, no. that's your way, but still ,how come Hong Kong, a small city of 6 million people, has more foreign reserves than India?

The question you should rather be asking is how an Autonomous region with
GDP (PPP) $412.300 billion
GDP (Nominal) $310.074 billion

has around USD 380B in Foreign reserves?? Is it because factories are in Mainland China and products re-exported through HK or because HKD is pegged to USD?:pop:
 
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http://www.chinatopix.com/articles/...money-modernization-program-counter-china.htm


more-power.jpg

Two Indian Navy Kolkata-class guided missile stealth destroyers flank a Delhi-class destroyer


This early, the Indian Navy's ambitious multi-billion dollar modernization plan seems set to run aground on the familiar shoals called a lack of money and an inert Indian government bureaucracy

Senior Indian Navy officers were quoted by Indian media as saying the navy's 15-year
modernization plan will need $123 billion. The aim of this modernization plan is to make the Indian Navy the uncontested dominant naval power in the Indian Ocean, which will become an "Indian Lake" when the Indian Navy becomes strong enough to enfeeble both the Pakistan Navy and the People's Liberation Army Navy (PLAN).

A lack of money stands in the way of this aim, however.

Navy sources said the navy will need to receive $8.5 billion a year to attain this aim. The navy, however, is currently receiving only $3 billion annually, and 95 percent of this amount is already committed.

That means only $153 million can be spent on new defense programs, including force modernization.

"So, there is no way that the Indian Navy can meet the challenges," said a navy source.

The navy's long-term plan calls for 198 warships by 2027, of which 120 should be "capital warships," which will include large, offensive combat platforms like aircraft carriers, destroyers, frigates, corvettes and submarines.

Against this requirement, the Indian Navy has just 140 warships today, of which barely half are capital warships.

India's naval might is directed against China, and analysts believe China must assert control of the Indian Ocean for it to become the pre-eminent global superpower supplanting the United States.

In 2015, China said India can no longer consider the Indian Ocean its own backyard, a statement equivalent to flinging down the gauntlet. India responded with the modernization of the Indian Navy.

In 2016, the Navy revealed the "Indian Naval Indigenization Plan (INIP) 2015-2030," which championed the need for locally developed, advanced systems for its warships.

The plan is also in line with the national defense doctrine set out in the "Technology Perspective and Capability Roadmap (TPCR)" from the Ministry of Defense (MoD) that mandates a shift from an ammunition-based, theater-centric model to network-centric model based on directed-energy weapons such as high-energy lasers.

MoD's roadmap also encourages the Indian Armed Forces to acquire modern subsonic, supersonic and ballistic missiles; equipment and sensors; propulsion and power generation and surveillance and detection systems.

Apart from funding shortfalls, the other key reason endangering the navy's modernization plan is the navy's continuing failure to build an efficient maritime-industrial complex attuned to its needs.

"Our Achilles' Heel is our lethargic military-industrial complex, managed by bureaucrats and scientists with no accountability," believes Arun Prakash, a retired Indian Navy admiral.

"Unless we can produce machinery, weapons, sensors and ammunition indigenously, our Navy cannot sustain blue-water maritime operations for any length of time. This will not happen overnight -- and we have not even made a start yet. It is not related to funding, but to envisioning and planning."
there is a thread suggesting that india is going to acquire nuclear powered supper carrier from USA along with Navy varionts of F35 JSFs.Yours is telling different story.care to elaborate?
 
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there is a thread suggesting that india is going to acquire nuclear powered supper carrier from USA along with Navy varionts of F35 JSFs.Yours is telling different story.care to elaborate?

The US has not sold any of its carrier even to NATO nations, and there is not even a whisper that the US will do this in case of India.

Their latest USS Gerald Ford cost 13 billion. If they have to export these it would cost India about 20 billion USD. India does not have this many dollars. US wont part away with their latest technology to Indian.

With this money, India can make 4 of their own.

There is no way this is going to happen ever.
No way.
 
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Your ecomomy includes tens of Ghost cities which are abandoned by local population, to say the least.

There are roughly 400+ cities in China with population > 500k, If a dozen NEW cities are underpopulated, do you think it is normal? How many of those empty cities are now occupied? Have you ever visited them? I don't encourage over expansion of property, but just like everywhere else including the US, alot of money is flowing into real estate but having a world class infrastructure is better than living in slum dog India.

Problem with you and your satellites is that you keep your FOREX and GDP in USD. And when the time comes, it will be wiped out like clean slate by US. Most of your FOREX is invested or loaned to US. What would or can you do if US doesn't return your loan?? Send your rusted submarines or casino aircraft carrier ?

Yah, like India doesn't keep majority of her reserves in USD$? The fact remains, China is roughly 2 trillion surplus in reserves after deducting foreign debt. This could only finance our imports for up to a year. Remember oil is still traded in USD$, until Yuan is fully internationalized, we still need USD$.

A portion of our dollars are in US Government bonds roughly 300 bil usd$, which are the most secured bonds on earth since they can print more dollars to pay. Some part are also in gold, yen and euros.

Our bonds and dollar holdings would remain valuable as long as the world trades in dollars. If US doesn't pay, the whole confidence in US dollar economy would collapse. Why do you think China keeps on building infrastructure like no tomorrow, and even after spending so much, we still have 3 trillion left.
 
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China will be the top trader in the world cause we run AIIB and one belt one road And we will be top weapon producer as well. The only consequence India wrestling with China in the end is bankrupt.

Actually PRC China is the most powerful both (in economy and technology ) state in the human history.

The only asset left for India is its massive population, nearly half of them suffer from poverty, malnutrition, and illiteracy.

Even its soldiers have to fight with empty stomach and flying coffins.
 
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