Hope this is the right thread. Excellent insights into what is happening with the defense budgetIn India’s ‘Make Or Break’ Budget, Defense May Take a Back Seat
"Since 2009, India’s total defense spending has only increased by about $3 billion, in constant 2014 dollars, while China increased its defense spending by about $77 billion over the same period, according to the Stockholm International Peace Research Institute. "https://www.bloomberg.com/politics/arti ... -back-seatSkirting the Rules Leaves India’s Defense Industry Short-Changed
"Still, with some foreign companies opting to pay a fine, the current policy is a “sorry state of affairs,” according to Kuber.
"The global companies have been finding ways of not doing offset, and the Ministry of Defence has not been engaging with them in a more proactive manner,” he said. “Indian industry has also been slow to gear up to the global standards in quality and processes and certifications."
""Of the approximately $5 billion offset obligations, only about $2 billion have been accounted for by the global companies," said K. V. Kuber, an independent analyst and former army colonel who served in the section of the ministry that monitored the offset policy. "Of these, only about $250 million worth of offsets has been approved by the Ministry of Defence as implemented."
“Even the direct buys are in the form of nuts and bolts,” he said. “Hence, no industrial capability as such is being developed."https://www.bloomberg.com/news/articles ... rt-changed