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

[Kyoto]

It's Always fun to see people from two of lowest ranked countries arguing with each other over whose worse. The fact remains that both India and Pakistan have huge amounts of poor hungry people , who need help but if you go with the recent past and the current outlook it's India who seems to have a better future and plan to deal with that

Exactly they are comparing a difference of only a few hundred dollars/ 5% in poverty levels. Overall they are both as bad as eachother poverty wise although India is at the moment getting ahead.

 

[Mo12]

BS, Pak defence to GDP is one of the lowest in region

http://www.dawn.com/news/1107312

Defence Spending percentage of GDP (2012):

Bangladesh: 1.1% Malaysia: 1.5% Afghanistan: 1.8% Iran: 1.8% China: 2% Turkey: 2.3% Sri Lanka: 2.4% India: 2.5% Pakistan: 2.7% Singapore: 3.6% UAE: 4.7% Saudi Arabia: 9.3%

Thank you giving me that link, the above was taken from ur article.

 

[JazbaatiHindustaani]

Sometimes I wonder if our Pakistan brethren actually hate us or love us. They care so much about poverty.

 

[RiazHaq]

Sometimes I wonder if our Pakistan brethren actually hate us or love us. They care so much about poverty.

Pakistanis care more about India's poor than Modi and co.

Last year, Pakistanis sent $5 billion to help poor brethren in India, according to the World Bank.

http://www.riazhaq.com/2016/02/pakistanis-sent-5-billion-to-relatives.html

 

[Stephen Cohen]

Pakistanis care more about India's poor than Modi and co.

Last year, Pakistanis sent $5 billion to help poor brethren in India, according to the World Bank.

http://www.riazhaq.com/2016/02/pakistanis-sent-5-billion-to-relatives.html

Indian economy is far far better and STRONGER than Pakistani economy

You should really be concerned at Pakistan's debt trap and falling exports

 

[faithfulguy]

Pakistanis care more about India's poor than Modi and co.

Last year, Pakistanis sent $5 billion to help poor brethren in India, according to the World Bank.

http://www.riazhaq.com/2016/02/pakistanis-sent-5-billion-to-relatives.html

Remittance is a big source if income for India. There are just so much poverty. Which is fine as India is a newly created country, just like Pakistan. The difference between India and all other developing countries is that India believe that its a superpower, whatever that may be. And it uses that self appointed title to bully others.

 

[Gregor Clegane]

Pakistanis care more about India's poor than Modi and co.

Last year, Pakistanis sent $5 billion to help poor brethren in India, according to the World Bank.

http://www.riazhaq.com/2016/02/pakistanis-sent-5-billion-to-relatives.html

Well according to the same report, India sent $2 billion to Pakistan which means per capita remittance from India received by Pakistan is much higher.

 

[Stephen Cohen]

@RiazHaq

I have some NEWS for you

In the last One month Pakistan's forex reserves declined by 722 Million USD
------------------------------------------------------------------------------------------------------------------------

http://tribune.com.pk/story/1259911/adb-stalls-300m-loan-tranche-delayed-reforms/

The loan tranche is critical for the finance ministry as official foreign currency reserves have started depleting. In the last one month, forex reserves held by the State Bank of Pakistan have come down to $18.36 billion – a net reduction of $722 million. The loan proceeds would have been used to provide a cushion to the central bank’s foreign currency reserves besides meeting budget financing needs.

 

[RiazHaq]

Indian economy is far far better and STRONGER than Pakistani economy

You should really be concerned at Pakistan's debt trap and falling exports

India's public debt-to-gdp ratio of 67.2% is higher than Pakistan's 64.8%


http://www.tradingeconomics.com/country-list/government-debt-to-gdp


And India's exports are also falling


http://www.thehindubusinessline.com...indias-exports-are-falling/article9370929.ece

 

[Hulk]

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 Defense of India has gone on too long. It is a war budget focused on planned aggression against its neighbors.

@Oscar India did not spend any money in 80's and 90's and its weapons are not modern. We started modernization after Kargil. The pace is slow, as we take a lot of time to close the deal. Sometimes, unfortunately, we have to wait for the bribe to reach the right people. A lot of the money allocated is returned every year. Money allocated is not always spent. So the year looks longer, we still have a long way to go, I do not see this changing for another decade unless we get our fighters jets, awacs, subs etc done.

Badly moderated thread, hardly any discussion on the topic. A Typical ranting of poverty by Pakistani. Keep repeating it 100 times you are just wasting your time, we will do what we have to do and that is the right decision. India is working on poverty too. Only idiots will think that one should abandon military for poverty. Security of country is also needed. Even if India spends some of this money on poverty it will hardly change anything.

 

[Indx-techs]

India's public debt-to-gdp ratio of 67.2% is higher than Pakistan's 64.8%


http://www.tradingeconomics.com/country-list/government-debt-to-gdp

Agreed but India has actually improved it after liberalization in 90s. We will take other step in future to take care of this one too.

And India's exports are also falling


http://www.thehindubusinessline.com...indias-exports-are-falling/article9370929.ece

Fall in exports arrested, steady growth to follow

India's September Exports Up By 5%, Imports Down By Nearly 3%

Though, I'm expecting to slow down this quarter due to demonetization but it will again back on track till February. India's manufacturing growth rate is hitting high and India will score surplus in trade again within 9 years.

And now, if you're going to argue about "consumption" in Pakistan like usual, please don't because India's MVA growth is enough to justify improvement in exports plus Pakistani per capita income growth rate is half of India's. No point of consumption increment in such a low per capita income growth case.

 

[Indx-techs]

India's public debt-to-gdp ratio of 67.2% is higher than Pakistan's 64.8%


http://www.tradingeconomics.com/country-list/government-debt-to-gdp


And India's exports are also falling


http://www.thehindubusinessline.com...indias-exports-are-falling/article9370929.ece

Agreed but India has actually improved it after liberalization in 90s. We will take other step in future to take care of this one too.

Fall in exports arrested, steady growth to follow

India's September Exports Up By 5%, Imports Down By Nearly 3%

Though, I'm expecting to slow down this quarter due to demonetization but it will again back on track till February. India's manufacturing growth rate is hitting high and India will score surplus in trade again within 9 years.

And now, if you're going to argue about "consumption" in Pakistan like usual, please don't because India's MVA growth is enough to justify improvement in exports plus Pakistani per capita income growth rate is half of India's. No point of consumption increment in such a low per capita income growth case.

Thankfully after 7 months long pain, India's exports are back on track again!

Though imports are even growing faster due to consumption.

Electronics policy since April has been proved the best.

We used import Chinese LEDs for low cost but our homemade LEDs are available now at dirt cheap prices.

 

[RiazHaq]

Thankfully after 7 months long pain, India's exports are back on track again!

Though imports are even growing faster due to consumption.

Electronics policy since April has been proved the best.

We used import Chinese LEDs for low cost but our homemade LEDs are available now at dirt cheap prices.

Here's an excerpt of a piece by Indian entrepreneur Jaithirth Rao published by Indian Express:

"Uday Kotak said a few months back, in the course of an interview, that he was amazed that in his new office in Mumbai, not one of the furniture or fixture items were made in India. My friend Rahul Bhasin conducted a similar exercise in his office in Delhi and discovered pretty much the same thing. The carpet is from China, the furniture is from Malaysia, the light fixtures are from China, the glass partition is from all places, Jebel Ali in the Middle East and so on. Kotak went on to add that even Ganesha statues are no longer made in India. They are imported from China."

http://indianexpress.com/article/opinion/columns/how-they-killed-our-factories/

 

[my2cents]

Pakistanis care more about India's poor than Modi and co.

Last year, Pakistanis sent $5 billion to help poor brethren in India, according to the World Bank.

http://www.riazhaq.com/2016/02/pakistanis-sent-5-billion-to-relatives.html

Actual figure is only $116,000 according to your state bank. According to our RBI, official remittance from Pakistan was about $1 million. This figure of $4.5 billion looks quite big considering direct remittances from Pakistan are highly restricted by India because it could be used for financing terror.

This world bank figure is flawed in many ways because they were trying to identify source of $70 billion remittances that India received last year and just assumed that figure based on number of indian born people settled in Pakistan after partition in 1947. For all we know these people could be retired or dead and same with their relatives in India. It is highly unlikely the next generation born to these people have same bonding with their relatives across the border and would be so magnanimous.

Here is the excerpt from Dawn article....

Unfortunately for those who were partaking of this spectacle, the only reality behind this number is that it does not exist. It is a flawed guess because those who migrated from India and became Pakistani citizens after 1947 do not send back remittances. This absurd saga reached such proportions that the State Bank has just had to issue a formal denial of the figure and present the real remittance flows that go from Pakistan to India. Last year, this figure was $116,000.

 

[Indx-techs]

Here's an excerpt of a piece by Indian entrepreneur Jaithirth Rao published by Indian Express:

"Uday Kotak said a few months back, in the course of an interview, that he was amazed that in his new office in Mumbai, not one of the furniture or fixture items were made in India. My friend Rahul Bhasin conducted a similar exercise in his office in Delhi and discovered pretty much the same thing. The carpet is from China, the furniture is from Malaysia, the light fixtures are from China, the glass partition is from all places, Jebel Ali in the Middle East and so on. Kotak went on to add that even Ganesha statues are no longer made in India. They are imported from China."

http://indianexpress.com/article/opinion/columns/how-they-killed-our-factories/

How is it relevant either?
India's imports from China contracted by 7.5% in last, not collapsed. Even if something found in India is from China, will it be fair to mock over that?

Well, you posted about furniture, so I think I got a good read for you.
http://www.livemint.com/Leisure/P2BkrvSKLT3IOQbAHiTRjM/Objects-that-make-us-Indian.html