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India’s outgunned Russia and Saudi Arabia to become the world’s fourth-largest defence spender

Discussion in 'Modern Warfare' started by Kalmuahlaunda, Dec 12, 2016.

  1. Kalmuahlaunda

    Kalmuahlaunda Lieutenant FULL MEMBER

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    India’s outgunned Russia and Saudi Arabia to become the world’s fourth-largest defence spender
    [​IMG]
    Powerful. (Reuters/Ahmad Masood)

    WRITTEN BY
    Manu Balachandran
    6 hours ago Quartz India



    India has broken into the world top-five defence spenders’ club.





    Asia’s third-largest economy spent INR 3,418.75 billion in 2016, up from INR 3,148.49 billion last year. India now has the fourth-largest defence budget, followed by Saudi Arabia and Russia, according to the 2016 Jane’s Defence Budgets Report, released by research firm IHS Markit on Dec. 12. While Russia was at the fourth place last year, in 2016, it slipped to the sixth spot.





    The US, China, and the UK remain the top three, IHS Jane’s data shows. The report says that by 2018 India will become the third-largest in the group, surpassing the UK.





    “Procurement spending has been constrained in India over the last three years as personnel costs have increased,” Craig Caffrey, principal analyst, IHS Jane’s, said in a statement. “However, what we expect to see from 2017 onwards is a military focused on modernisation. India needs new equipment to fulfill its modernisation drive. Over the next three years, India will re-emerge as a key growth market for defence suppliers.”





    In 2016, the total global defence spending increased to INR 106.08trillion. Here are the 10 nations with the highest defence budgets for 2016:





    Since coming to power in May 2014, the Narendra Modi government has laid tremendous stress on ramping up the country’s defence facilities. In 2014, India purchased some Rs36,900 crore (INR 376.33billion) worth of arms, ammunition, and related goods from abroad. Earlier this year, India also signed a INR 556.46-billion (around Rs58,000 crore) deal to buy 36 Rafale fighter jets from France.





    Under Modi, the government has been looking at increasing the share of domestic manufacturing in defence goods. India spends some 1.8% of its GDP on defence. Of this, up to 36% is spent on capital acquisition.





    The government had also raised foreign direct investment limit for the sector to 49%, helping Indian private players partner global heavyweights. India needs to spend some INR 8,783.34 billion to modernise its military over the next seven years.

     
    Last edited by a moderator: Dec 12, 2016
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  2. Butter Chicken

    Butter Chicken Captain FULL MEMBER

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    Still to import S-400($3 billion)

    3 surface vessels from Russia(not sure what was the pressing needs,we have too many surface vessels and very few subs,China has 60 subs compared to our 16)

    Hundreds of thousands of Assault rifles for Army(army keeps changing requirement to halt development in India)

    Sniper rilfes(understandable)

    M777 Howitzer(only screwdriver giri in India, and Kalyani group has also developed light weight gun)

    464 more T90 tanks:)facepalm:)

    Spike missiles from Israel(300 launchers,8000 missiles ,3200 cr import)


    Army even imported 1000 radios from Israel :disagree:
     
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  3. Abingdonboy

    Abingdonboy Major IDF NewBie

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    FALSE.

    This is only the case when you include the MHA's budget (god knows why SIPRI has a fixation with doing this) AND the huge pension bill that has been added to the MoD this year.

    In real terms the actual defence budget is still well below Russia and Saudi and under 2% of GDP.
     
  4. Abingdonboy

    Abingdonboy Major IDF NewBie

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    So? It is still the best ULH money can buy and VITAL to the MSC, without it the MSC would be entirely toothless an exposed.


    Will be 5-7 years before any such ULH from them is even ready to be produced, the M777 will be delivered from early 2017. Apples and oranges.
    Thinks it is more like 4,900 radios which had to be done so as to be compatible with the radios the IA already operates from Elbit. However, the DAC only signed off on to this purchase on the premise that the IA agreed that they would buy such combat radios from the DRDO in the future.
     
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  5. Butter Chicken

    Butter Chicken Captain FULL MEMBER

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    Govt. is purchasing as if we are fighting an equal military power,we can easily wait that long until the indigenous gun is ready.We have already enough artillery guns for our western neighbour.
     
  6. Abingdonboy

    Abingdonboy Major IDF NewBie

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    Can't agree with this, MSC is being rasied as we speak and already it is having to dive into War Wastage Reserves (WWR) to equip itself, this is obviously an unsustainable situation and would leave the IA as a whole the worse off and the MSC entirely toothless- billions down the drain.

    Well the M777 is being procured almost entirely for the MSC and thus the Eastern sector.
     
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  7. Ankit Kumar 001

    Ankit Kumar 001 Major REGISTERED

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    I don't really know why they do this to India. Russia has equally big reserves and contractors who are spent big on, but that's ignored.

    But when Indian Home Ministry buys even belts for police, its counted under military budget ?
     
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  8. Ankit Kumar 001

    Ankit Kumar 001 Major REGISTERED

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    Indian Defence Budget is little over 40 Billion USD only.

    Almost half compared to that of Saudia and Russia.
     
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  9. Abingdonboy

    Abingdonboy Major IDF NewBie

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    Indeed, it is a truly odd excpetion reserved for India alone.

    Why don't they atleast be consistent and factor into the US's defence budget the US DoHS which EXPLICITLY recieves MIL equipment from the US armed forces and has received vast funds meant to "fight the War on terror". In fact many agencies under the DoHS have been sent to war zones (Iraq, Libya and Afghanistan) such as the DEA and ICE.
     
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  10. Abingdonboy

    Abingdonboy Major IDF NewBie

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    And that is just what these two highly authoritarian and opaque regimes declare.
     
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