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Indian defence budget to rise… but not by enough

7th February 2019 - 10:39 GMT | by Gordon Arthur in Hong Kong

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On 1 February, the Indian government announced a FY2019/20 interim defence budget amounting to INR3.019 trillion ($42.7 billion), excluding pensions, the highest ever figure in the nation’s history. This figure marks a year-on-year increase of 8.08%, but many analysts are complaining it is insufficient to modernise the country’s armed forces.

In the past year, the three armed services faced shortages of around 30% compared to what they needed.

Finance Minister Piyush Goyal noted that the total defence budget, accounting for 15.48% of the central government’s expenditure, represents 1.52% of national GDP. Yet India’s GDP is expected to grow 11.5% in

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Gordon Arthur

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Gordon Arthur


Gordon Arthur is the Asia Pacific editor for Shephard Media. Born in Scotland and educated …

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