India hikes defence budget by 55 percent

[Salahadin]

India hikes defence budget by 55 percent

NEW DELHI: India on Monday presented a Rs 9,532.31 billion expenditure interim budget for fiscal year 2009-10, showing a massive hike of over 55 percent to the defence budget.

Citing the security crisis resulting from the Mumbai terror attacks, External Affairs Minister Pranab Mukherjee, who also holds the finance portfolio, presented a new defence budget of Rs 1,417.03 billion. Last year, New Delhi had a projected defence expenditure of Rs 916.81 billion, which Defence Ministry sources said was overshot to hit Rs 1,146 billion. Compared to the revised 2008-09 budget, the interim budget has been increased by 24 percent. The new sum comprises 15 percent of the entire budget and Mukherjee said the amount could be increased if necessary, AFP reported. iftikhar gilani/afp

 

[duhastmish]

May be not the best idea amidst of this recession but did we really had any choice after mumbai massacre?

 

[Contrarian]

Case of hyping up the 'threat of India'.

The increase IIRC is 35%, not 55%

 

[Bull]

Case of hyping up the 'threat of India'.

The increase IIRC is 35%, not 55%

Even the 35% has to be taken into context . Dont forget the massive rise in paypackage for armed forces, sharp depreciation of ruppee against dollar.

 

[Captain03]

May be not the best idea amidst of this recession but did we really had any choice after mumbai massacre?

i know right
no one has the right to do to u what u do to them lol