India's War Budget World's 3rd Biggest Despite High Poverty

[Ryuzaki]

And only 33% population of India is poor. Just one in 3. Flabbergasted!

You realise that the statements
1) "33% of India is poor"
and
2) "33% of world's poor are in India"

are different?

For example if there are 600 million poor people in the world,200 million of them are Indian,then India has 33% of share,but 200 million is not 33% of India's 1.3 billion population?
I hope you did not study in Australian schools

 

[RiazHaq]

India's Obsessive Spending on Defence by Phiroze Vasunia

http://www.ndtv.com/opinion/indias-obsessive-spending-on-defence-756591

Arms manufacturers of the world, rejoice. The government of India is your loyal friend. Not just this government, but the previous government too - the UPA as well as the NDA.

According to a study conducted by the Stockholm International Peace Research Institute, India topped the list of weapons importers and accounted for some 15 per cent of worldwide arms imports from 2010 to 2014. Five of the 10 biggest arms importers in this period were in Asia, including China (5%), Pakistan (4%), South Korea 3%), and Singapore (3%). Imports are only part of the picture of the global arms industry, of course, and the countries that had the highest levels of military expenditure in 2014 were the USA, China, and Russia. India was placed seventh on that list, with spending at $50 billion or 2.4 per cent of GDP, an increase of 39% between 2005 and 2014.

Signs of the government's thirst for arms acquisitions were evident when Narendra Modi declared during his visit to France that India would purchase a number of Rafaele jets for roughly $4.3 billion. On the heels of that development came the disclosure that the US Secretary of Defence, Ashton Carter, would be flying in to New Delhi in May to close the sale of Apache and Chinook helicopters, worth some $2.5 billion. The figures are staggering, though not by the standards of military expenditure, and there will be other such announcements in the months and years ahead since India cannot manufacture the weapons that its leaders insist upon.

 

[DrPuff]

Poverty in India isn't due to lack of GDP unlike Pakistan but corruption. India is Asia's third largest economy..This dimwit writer should know that with his third grade articles..

With 3 Trillion GDP India needs to spend lot more than 50 billion & lot more than 3℅ of its GDP....

 

[graphican]

You realise that the statements
1) "33% of India is poor"
and
2) "33% of world's poor are in India"

are different?

For example if there are 600 million people in the world,200 million of them are Indian,then India has 33% of share,but 200 million is not 33% of India's 1.3 billion population?
I hope you did not study in Australian schools

One in 3 poor on the planet is an Indian. Even more flabbergasted!
Has your education taught you how to pull ridicule towards your country? If so it is finally working.

 

[third eye]

http://www.riazhaq.com/2016/12/indias-war-budget-to-be-worlds-3rd.html

In 2016, India surpassed Saudi Arabia and Russia to claim the 4th spot among the top five defense spenders globally for the first time, according to Jane's Defense. India, a country with 33% of the world's poor, is projected to surpass the United Kingdom to rise to the 3rd spot for defense spending by 2018.



Sources: FT/IHS Jane's (Defense Budgets) and World Bank (Poverty)
















India's military spending has grown rapidly from $38.17 billion in 2010 to $50.7 billion in 2016. It is projected to rise further to $56.5 billion in 2018 and $64.07 billion in 2020, according to Jane's. For comparison, India's south Asian neighbor Pakistan's defense budget for 2016 is only $8 billion.

India's rapid rise to the list of world's top defense spenders stands in sharp contrast to the reality that it remains home to the world's largest population of poor, hungry and illiterate citizens. India also leads the world for lack of hygiene, disease burdens and open defecation.

Prime Minister Narendra Modi's rule has seen dramatic growth of wealth inequality in India. Top 1% of Indians now own 58.4% of India's wealth, up from 49% in 2014 when Mr. Modi was elected Prime Minister, according to Credit Suisse Global Wealth Report 2016.

Median wealth data compiled by Credit Suisse for 2016 shows that average Pakistani adult is 20% richer than an average Indian adult and the median wealth of a Pakistani adult is 120% higher than that of his or her Indian counterpart, according to Credit Suisse Wealth Report 2016. Average household wealth in Pakistan has grown 2.1% while it has declined 0.8% in India since the end of last year.

CS Wealth Report 2016 indicates that 50% of Pakistanis own more than $1,180 per adult which is 120% more than the $608 per adult owned by 50% of Indians.

The Credit-Suisse report says that the richest 1% of Indians own 58.4% of India's wealth, second only to Russia's at 74.5%. That makes India the 2nd biggest oligarchy in the world.

The CS wealth data, particularly the median wealth figures, clearly show that Pakistan has much lower levels of inequality than India.

Oxford Poverty and Human Development Initiative (OPHI)'s MPI, multi-dimensional poverty index, brings together 10 indicators, with equal weighting for education, health and living standards. In South Asia region, Afghanistan has the highest level of destitution at 38%, according to OPHI's MPI index. This is followed by India at 28.5%. Bangladesh (17.2%) and Pakistan (20.7%) have much lower levels.

Rapid growth in India's defense expenditures conveys Prime Minister Modi's priorities. It seems that he believes the way for India to achieve great power status is through building a massive military regardless of the deep deprivations of the Indian people.

Mr. Modi's massive military buildup poses a serious threat to its neighbors, particularly Pakistan, a much smaller country which was invaded and split in two by the Indian military in 1971. The Indian invasion resulted in the creation of Bangladesh.

Related Links:

Haq's Musings

Credit Suisse Global Wealth Report 2016

India Massive Military Buildup

Modi's Israel Envy

India Home to World's Largest Population of Poor, Hungry & Illiterates

India Leads the World in Open Defecation

MPI Captures Depth of Deprivation in India



http://www.riazhaq.com/2016/12/indias-war-budget-to-be-worlds-3rd.html

Read Post # 4

 

[Dragon4]

Defense budget is going to increase more along with reduction in acute poverty, deal with it.

 

[Chhatrapati]

3% poverty in Pakistan vs 33% poverty in India.
8 Billions vs 58 Billions of defense budget.

One in 3 poor on the planet is an Indian. Even more flabbergasted!
Has your education taught you how to pull ridicule towards your country? If so it is finally working.

Where do you get these numbers? 33% According to World bank and government of India only 21% of the total population live below poverty line. That too a 2011 data. So poverty has increased? BS

Talking about defense spending, we have two threats from Pakistan and China. There is no point in concentrating on poverty eradication when there is no country to be saved.

India spend about 1 Lakh crore rupees on Fertilizer subsidy alone.

 

[DrPuff]

One in 3 poor on the planet is an Indian. Even more flabbergasted!
Has your education taught you how to pull ridicule towards your country? If so it is finally working.

India had reduced 200 million poors in last decade.. Now 220 Million is living under BPL according to world Bank & few more or less than 200 Million according to Indian standard of BPL line.. Wait for another decade then we will spend more than your GDP for our defence.. You can give nothing but broken record.. Get with it..

 

[Razia Sultana]

Sir, despite all your good efforts at writing some wonderful articles you still can not match the defence analyst Sir Zaid Hamid.

 

[amardeep mishra]

My Coupon codes?

Though I'd agree that India's budget far lags behind what its military wants it to be; I am glad that the title is aptly named "war budget" because the facade of Defence of India has gone on too long. It is a war budget focused on planned aggression against its neighbours.

Hi dear @Oscar
The present budget is hardly 2% of it's gdp.although it should be atleast 3%

 

[illusion8]

Hi dear @Oscar
The present budget is hardly 2% of it's gdp.although it should be atleast 3%

A large portion of that defense budget does not get utilised every year.

 

[Ryuzaki]

Defence minister wants to raise defence spending to 3% of GDP,final thrust for foreign firms to form joint ventures with Indian firms and make it here

 

[alwaysfair]

Its 38 billion too much.
But China taught us a fine lesson in geopolitik and Pakistan tried to do the same in the 1960s.
Our biggest problems are over population and corruption. Modi is concentrating only on one.
No easy answers.

 

[Samrat420]

Here's a blast from the past... Nehru once famously remarked - “India doesn't need any military, only police forces. India has no natural enemies."

Well.... We all know what happened next...

 

[hitenray09]

Seriously and people are talking about hungry iIndians
can be cross checked here http://ghi.ifpri.org/trends/