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Budgets | India | Issues - Political | Policy - Procurement

India’s 2008-2009 Military Budget

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China’s 2008 military budget and its 2-decade string of uninterrupted double-digit budget growth have been attracting a great deal of attention lately. The official figure is now $58.8 billion, but there is no accountability or transparency, and outside estimates place the real figure between $100-180 billion. India’s democratic, accountable government presents fewer transparency issues, and the simultaneous growth of its economy and of pressures orchestrated by China have resulted in a rising military budget of its own. The rise has been slower, but the recent 2008/09 budget proposes from Rs 960 billion in 2007/08 to Rs 1056 billion in 2008/09 (a 10% hike, from about $24 billion to about $26.6 billion at USD exchange). That’s hike of about 10%; compare to India’s 2007 consumer price inflation index of 5.51% in 2007. Of that budgetary total, Rs 480 billion has been earmarked for the purchase of military hardware, as opposed to pay, pensions, maintenance, and the other expenses of running a military. That’s a rather sharper hike of almost 23.3% over 2007/08. The question is whether India will be able to spend it… Holding fire? In light of India’s ongoing modernization projects, from IL-76 derived Phalcon AWACS aircraft, to fighter jets, […]

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