By Bhartendu Kumar Singh

March 28, 2016

"While defence budget allocation makes the news every year, this year the ubiquitous hypothesis in all strategic comments and opinion articles has been about 'the marginal allocation being inimical to the India’s defence preparedness'. Critics, however, fail to understand that the defence budget is by and large a reasonably fair deal and probably the best in the current fiscal environment.

Defence budget cuts have been quite common these days. As per available SIPRI estimates, global military expenditure decreased for the third consecutive year after peaking in 2011. The US defence budget has come down from US$691 billion in 2010 to US$585 in 2016. Russia has announced a cut of 5 per cent to its 2016 defence budget. In June 2015, Britain announced a 1.5 per cent cut in its defence budget. Even China, which ha- witnessed a consistent double-digit growth during the last two decades, had a modest single-digit growth this year."

Read more:
http://www.eurasiareview.com/28032016-india-defence-budget-in-an-age-of-scarcity-analysis/

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