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Old February 1st, 2018, 02:31 PM
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Re: Government's outlay for defence in military budget dashes hopes for military modernisation

Quote:
Originally Posted by ashdoc View Post
Inspite of all it's nationalistic talk , the government has not done much to allocate money for defence modernisation.

One really misses Rajiv Gandhi , who was the only prime minister to have really allocated more than 3 percent of the GDP for defence and was really interested in making India a major military power . Rest have paid only lip service to military modernisation and nothing else.

https://m.timesofindia.com/india/bud..._content=om-bm
In the mean while he emptied the treasury which lead to balance of payment issues and culminated in gold from India being sent to london.

Did u analyze the purchases that were made, Mirages from France, Jaguars from UK/French company. The jags were under powered half engineered product which we had to fix and the contract was worded in such a way that we had to share the fix details with out compensation of a single penny from the company. Then the purchase of Mig-23/27 and 29 from USSR. He kept buying things without a plan,the only prime motivation being how much bribe he and his party can collect.


Anyways, please look at the era of 80's from Financial perspective. Our Loans went up from about 10 billion to 40 billion. And what was our growth during that era, a meager 2-3% per anum on an average.

This was the time when the Asian tigers made their economies super strong while pappu ke pitaji was screwing our Industry left and right and collecting bribes directly and through proxies.

Even the IT revolution that con party claims was the giving of pappu's pitaji is a big fake. Computerization of railways was started by the janatha party and finally came online during con party rule.
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