To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

Indian budget falls short of expectations

1st February 2017 - 19:21 GMT | by Rohit C Silva in Delhi

RSS

India declared a defence budget of $40.6 billion for 2017/18, a 6% increase over last year’s spending of $38.2 billion. The budget did not meet the expectations of experts and senior military officers hoping that spending would rise by at least 15% to cater to significant modernisation programmes in the pipeline.

Delivering his budget speech in parliament on 1 February, Finance Minister Arun Jaitley said the allocation included capital expenditure of $12.8 billion for upgrading the capabilities of the country’s armed forces. Capital expenditure is 10% higher than last year.

One expert commented, ‘The allocation comes as a disappointment. Payments

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 2 free stories per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Rohit C Silva

Author

Rohit C Silva


Rohit C Silva is a Shephard special correspondent based in New Delhi, India.

Read full bio

Share to

Linkedin