Archie
SENIOR MEMBER
- Joined
- Apr 28, 2010
- Messages
- 3,182
- Reaction score
- -11
- Country
- Location
Yes, given the threat perception we need to raise our defence spending at 2.5 percent of our GDP. Currently India is spending 2.1 percent of GDP(62 billion dollar) on defence. Bangladesh economy is 1/9th the size of India but our defence budget is 1/15th of them. This shows how little we are spending on defence. Bangladesh has 1/8th the population of India. In ideal condition, Bangladeshi economy should be 1/7th of India and our defence budget 1/6th of them. One-sixth of defence budget compared to India I think is minimum if we want to achieve credible deterrence against India(taking into account of their military obligation towards China and Pakistan). If we can achieve credible deterrence against India then Myanmar would be no problem.
We should focus to this goal. To achieve this we need to increase our per capita income 15 percent higher than India(currently 15 percent less) and raise our defence spending 16 percent higher as a percentage of GDP compared to India(2.5% vs 2.1%). Both of this goal is very much achievable within 10 years. Spending 2.5 percent of GDP is very normal and sustainable for any developing country without diverting resource from development priorities. Central point is, we have to increase our tax collection, which is now at atrocious level, perhaps among the bottom 10 countries in the world. This must to change if we want rapid economic development and a strong armed forces.
India is not your Enemy
Sheikh Hasina is one of Modi's best friend among world leaders along with Benjamin Netanyahu of Israel and Shinzo Abe of Japan