India spending $3 billion additionally till March to beat China aggression in Ladakh

[Yasser76]

Actually we have revised our fiscal deficit target upwards by a big amount (6.8% from 4-5% earlier):

India pegs FY22 fiscal deficit at 6.8% | Sunil Kant Munjall to ET NOW

Budget 2021 is being hailed as a reformist budget that has been transparent on the fiscal deficit numbers by announcing a 9.5% fiscal deficit for this financial year. This is higher than earlier estimates and reflects a clean up of sorts of India's balance sheet. Meanwhile this transparency...

www.timesnownews.com

So fiscal displine is now a much lower priority than before.

We have also reduced useless expenditure on things like education and even an agri scheme

School education takes biggest hit: Govt cuts proposed education spending by Rs 6,000 cr

No announcements on recovering learning loss, support for children at risk of not returning to school.

indianexpress.com

The biggest and mightiest of all Indian defence twitter account (@rajnathsingh) is harping about near 20% increase in capital budget.
Even Ex Army chief is praising it

https://twitter.com/x/status/1356188258024136704

While literally everyone else is saying the exact opposite, literally everyone. You find one BLP supporter tweeting. Whole world outside India knows truth World media below

Defence Budget: Only 0.4% hike in capital expenditure as armed forces overshot last budget by Rs 23,000 crore

The new defence budget only provides for 0.4% hike in capital expenditure in the defence budget as the Indian Armed forces had overshot their budget for capital expenditures by Rs 23,000 crore, last year.

www.indiatoday.in

"Cowshish noted that the funds may be inadequate for all the planned acquisitions from abroad and at home to be signed during the upcoming financial year, which begins April 1."

India releases details of new defense budget

India has allocated $18.48 billion for weapons procurement in its 2021-2022 defense budget amid an ongoing military standoff with China and financial stress on the national economy.

www.defensenews.com

India’s military budget increases less than expected as it struggles with China stand-off

Both India and China have moved thousands of soldiers, tanks, artillery to disputed border after clashes in the Galwan valley in Ladakh last June.

www.scmp.com

Bloomberg - Are you a robot?

www.bloomberg.com

https://sputniknews.com/analysis/202101101081712636-india-considers-lease-options-to-upgrade-army-as-military-budget-set-to-be-cut-in-2021/

 

[IblinI]

India's gdp is about 1/6 of China but defence budget 1/4 of China?
Well, well, well..
we never hikes our budget like they do (19% annually) even with ten times the pressure from US and his lackey.

 

[achhu]

Real budget will not be much different from BE, you are simply playing with words. Any idiot can see Indian defence outlays remain largely stagnent.

your pain has been recorded and noted down , suitable remedy will be sent to you to reduce your pain.

 

[Hakikat ve Hikmet]

Disorganized and panic...
India lost before the hot war starts...

They always do, historically speaking....

Last time, they shot down their own chopper for the pilot forgot to put the IFF on....

 

[Mighty Lion]

While literally everyone else is saying the exact opposite, literally everyone. You find one BLP supporter tweeting. Whole world outside India knows truth World media below

LMAO. Your own link states that its a 19% increase over last year's allocation.

"Cowshish noted that the funds may be inadequate for all the planned acquisitions from abroad and at home to be signed during the upcoming financial year, which begins April 1."

Cowsish is a private analyst now and was five whole pay grades below Ved Malik in rank, which means he is an absolute nobody on defence matters compared to someone who was Army chief like Ved Malik.

It's not even summer but China is already deploying hundreds of additional tanks and jets near LAC which means we are going to see another bout of emergency purchases by India probably larger than even 2020-21's figure as the condition of economy is far better in 2021-22 even as per western IMF.

 

[KaiserX]

Taking into account inflation the increase is tiny. You know this but are posting deliberatly misleading stuff to hide it. Also increasing retirement age of frontline troops is a false economy

Lies are getting easier to debunk now

Despite China border confrontation, defence allocations remain flat, air force gets the largest capital boost



Defence allocations from 2017-18

(In rupees crore)​

	2017-18 (Actual)​	2018-19 (Actual)​	2019-20 (Actual)​	2020-21 (RE)​	2021-22 (BE)​
Revenue allocation	192273​	202070​	221510​	222726​	224635​
	​	​	​	​	​
Capital allocation	95431​	99611​	113675​	137010​	137711​
	​	​	​	​	​
Pension allocation	92000​	101775​	117810​	125000​	115850​
	​	​	​	​	​
Total Defence Budget	379704​	403456​	452995​	484736​	478196​
	​	​	​	​	​
Total central govt spending	2141973​	2315113​	2686330​	3450305​	3483236​
	​	​	​	​	​
Defence as percentage of govt spending	17.7%​	17.4%​	16.9%​	14%​	13.7%​
	​	​	​	​	​
Gross Domestic Product	16784679​	18722302​	20339100​	19481975​	22287379​
	​	​	​	​	​
Defence as % of GDP	2.23%​	2.16%​	2.2%​	2.4%​	2.15%​

(Source: compiled from budget documents)​

The revised estimates for 2020-21 indicate the military has spent Rs 4,84,736 crore (4.84 trillion) this year, a significantly higher amount than what was allocated in February 2020.



The reason for this is learnt to be the emergency procurement of arms and ammunition that was triggered by the Chinese intrusions into Ladakh last April. Against Rs 118,534 crore (1.18 trillion) allocated for capital spending in the current year, the government has spent Rs 137,010 crore (1.37 trillion) – almost Rs 20,000 crore extra.



Much of the money for the extra capital spending was found by squeezing the pension budget. Of the Rs 133,825 crore (1.33 trillion) allocated for defence pensions, the government spent only Rs 125,000 crore (1.25 trillion). For the coming year, the government has slashed defence pension allocations by another Rs 9,000 crore.



Defence experts, many of whom have lamented the large share of the defence budget consumed by pensions, say the reduction is being made possible by the plan to increase the retirement age of soldiers, sailors and airmen. This has been proposed by the Chief of Defence Staff, General Bipin Rawat.



The expenditure of the current years capital budget is biased heavily in favour of the Indian Air Force (IAF), which has spent Rs 55,084 crore, compared to the Navy’s Rs 40,043 crore and the army’s Rs 33,283 crore.



The army has the smallest share of the capital budget, even though it is facing the brunt of the Chinese intrusions in Ladakh and has undertaken a challenging winter deployment in the 15,000-foot-plus heights there.



The capital budget allocations for the coming year, 2021-22 are similarly skewed, with the IAF allocated Rs 53,215 crore, the navy Rs 35,904 crore and the army getting Rs 36,532 crore.



This underlines the IAF’s continuing burden of payments for the Rafale fighters it bought in 2016, modernization of the Mirage 2000 fighter fleet and the manufacture of additional Sukhoi-30MKIs and Tejas fighters by Hindustan Aeronautics Ltd (HAL). There is also a large expenditure looming on a tender for 114 multi-role fighters, for which the IAF has initiated a global procurement.



To the military’s credit, it has mobilised a large number of troops and equipment to the Ladakh frontier without seriously overshooting its revenue budget, from which payments for such a deployment is made.



Against the revenue budget allocation of Rs 219,020 crore (Rs 2.19 trillion) for the current year, the military has spent Rs 222,726 (Rs 2.2 trillion) on conducting its operations countrywide, including in Ladakh.

Despite China border confrontation, defence allocations remain flat, air force gets the largest capital boost

www.ajaishukla.com

These numbers are bogus junk. From 2021-2022 your economy contracted by 25%. In this graph it is showing an increase of 10% bhangee caught with his pants down....

 

[Thorough Pro]

That was the whole plan, 3 billion more on operational expenditure due to Ladakh means 3 billion less on acquisitions.

View attachment 712584


Facing a challenge in Ladakh from China since May last, India will arm its defence forces be spending an additional $3 billion (Rs 21,000 crore) this fiscal ending Mar. 2021 to boost capabilities and plug gaps in weapons and military equipment.

For the same reason, and to meet the two-front threat posed by China and Pakistan, India today committed to a Rs 135,061 crore ($18.5 billion) on military modernisation (capital expenditure) to buy new weapons, platforms and equipment in the 2021-22 fiscal.

However, no details or break-up of the capital expenditure on the three armed forces — army, navy and air force — on new aircraft or warships or for dockyard infrastructure — were part of the defence budget documents.

But it can be easily estimated that India will be spending money on buying 83 locally-made ‘Tejas’ Light Combat Aircraft from state-run Hindustan Aeronautics Limited, and also spend money on the S-400 air defence missiles being bought from Russia, apart from paying for committed liabilities towards purchases made in previous years.

In all, Rs 478,196 crore ($65.55 billion) was allocated for the Ministry of Defence, including to meet the pension bill of Rs 115,850 crore ($15.9 billion) in the financial year from Apr. 2021 to Mar. 2022.

India’s Minister of Finance Nirmala Sitharaman, who had held the defence portfolio in Prime Minister Narendra Modi‘s first tenure, presented this annual estimates for 2021-22 in the Lok Sabha or the House of the People, the lower house in the bicameral parliamentary system.

The revenue expenditure (recurring expenses such as maintenance and fuel) has been pegged at Rs 232,047 crore ($31.8 billion) for the next fiscal. The pension-related expenditure has come down from this year’s revised estimates of Rs 125,000 crore ($17 billion), as the government had paid up arrears of the revised pensions, the defence ministry clarified later in the day.

Without taking into account the pension expenses, the defence budget for 2021-22 stood at Rs 347,088 crore ($47.4 billion). India had made a defence budgetary estimates of Rs 323,053 crore ($45.2 billion) for its armed forces till March 2021, during the budget announcement on Feb. 1, 2020. It was revised to Rs 343,822 crore ($47 billion) last month, an additional outlay of Rs 20,769 crore.

For the second consecutive year, Sitharaman failed to mention the budget allocations, as part of her budget speech, which had been a custom in the previous years. India’s military leadership has time and again acknowledged that the nation faces two threat from China and Pakistan, and the possibility of the two enemies colluding to wage a two-front war. All three nations in the neighbourhood are nuclear-armed.

Updated: India spending $3 billion additionally till March to beat China aggression in Ladakh

Facing a challenge in Ladakh from China since May last, India today allocated Rs 478,196 crore ($65.55 billion) for defence preparedness in the fiscal from April 2021 to March 2022, in a bid to strengthen the capabilities of the armed forces to tackle the challenges along the borders in the north.

defence.capital

 

[xyxmt]

In 2019, China's fiscal expenditure was $3.66 trillion and military expenditure was $185 BILLION，5% Defence as percentage of govt spending
Education spent $520 billion, more than India's entire budget.

don't use this line, This is reserved for Indians to use for Pakistan to hide their incompetence.

 

[rent4country]

In 2019, China's fiscal expenditure was $3.66 trillion and military expenditure was $185 BILLION，5% Defence as percentage of govt spending
Education spent $520 billion, more than India's entire budget.

You like to troll countries smaller in their economy, yeah?

Our military budget is near 750 Billion- more than your military and education budget combined. You are the 2nd highest GDP in the world and yet not even designated as a developed country, officially.

 

[Yasser76]

LMAO. Your own link states that its a 19% increase over last year's allocation.


Cowsish is a private analyst now and was five whole pay grades below Ved Malik in rank, which means he is an absolute nobody on defence matters compared to someone who was Army chief like Ved Malik.

It's not even summer but China is already deploying hundreds of additional tanks and jets near LAC which means we are going to see another bout of emergency purchases by India probably larger than even 2020-21's figure as the condition of economy is far better in 2021-22 even as per western IMF.

You obviously cannot analyse the figures properly and deterimined to lie your way out of this. So Bloomberg, Defence News and SCMP sources are all wrong then?

You can crawl back under your rock now....

your pain has been recorded and noted down , suitable remedy will be sent to you to reduce your pain.

Please send to global media too. Everyone on planet apart from BJP Bahkts has cone to same conclusion

 

[Mighty Lion]

You obviously cannot analyse the figures properly and deterimined to lie your way out of this. So Bloomberg, Defence News and SCMP sources are all wrong then?

You can crawl back under your rock now....



Please send to global media too. Everyone on planet apart from BJP Bahkts has cone to same conclusion

Bloomberg and SCMP filed their article when only the total defence budget figure was announced and the capital bidget allocation was not yet revealed (capital budget was known at 3 pm whereas total budget allocation was known at 1pm) and thus they were not aware.

Which is why Anadolu Agency which reported yesterday, got the news correct:

India increases defense capital budget by nearly 19%

Amid rising tensions with China, armed forces capital expenditure rose by 18.75% compare to last year - Anadolu Ajansı

www.aa.com.tr

 

[Yasser76]

Bloomberg and SCMP filed their article when only the total defence budget figure was announced and the capital bidget allocation was not yet revealed (capital budget was known at 3 pm whereas total budget allocation was known at 1pm) and thus they were not aware.

Which is why Anadolu Agency which reported yesterday, got the news correct:

India increases defense capital budget by nearly 19%

Amid rising tensions with China, armed forces capital expenditure rose by 18.75% compare to last year - Anadolu Ajansı

www.aa.com.tr

Not very bright are you? Below is from the very same article you posted, also $3 Billion as per admission, is to cover overspend from last year for capital. Once taken that into account there is nothing

"Any capital increase is good but it is not enough to support the modernization plans of the armed services,” Deependra Singh Hooda, told Anadolu Agency.

“I don’t think the government has any leeway to increase the defense budget in view of the state of the economy. However, it is also a reality that there will be an impact on the military’s modernization plans,” Hooda added."

 

[xuxu1457]

You like to troll countries smaller in their economy, yeah?

Our military budget is near 750 Billion- more than your military and education budget combined. You are the 2nd highest GDP in the world and yet not even designated as a developed country, officially.

Yes, we are developing countries, primary school textbooks say that China will not become a developed country until 2050.
The total fiscal revenue of the United States is $7 trillion (32% of GDP), and that of China is $3 trillion (22% of GDP)，It means that the overall tax rate is higher in the United States, which is why the average American cann't save.

 

[rent4country]

Yes, we are developing countries, primary school textbooks say that China will not become a developed country until 2050.
The total fiscal revenue of the United States is $7 trillion (32% of GDP), and that of China is $3 trillion (22% of GDP)，It means that the overall tax rate is higher in the United States, which is why the average American cann't save.

congrats on savings and living in an undeveloped status while your govt says it is the 2nd highest GDP; which tells us a whole of faking is going on in terms of stats.

 

[gulli]

We have it and we are spending it, those who don't have are complaining