Defence Budget 2011–12 – Misplaced Euphoria

Defence Budget 2011–12 –  Misplaced Euphoria India’s allocation for Defence for 2011-12 is Rs.164, 415.19 Crore (Rs.1.64 trillion/$36 billion) an increase of Rs.17, 071 Crore or 11.59 percent over 2010-11 budgetary estimates of Rs.147, 344 Crore, and an 8.47 percent increase from revised estimates of Rs.151, 582 Crore. The Capital outlay that is spending on permanent assets including equipment modernisation is Rs.69, 199 Crore. Approximately 80 percent of this amount is likely to be spent on weapons acquisition over the next year. The increase is 15.33 percent from the 2010-11 capital outlay of Rs.60, 000 Crore and 13.75 % hike from revised estimates at 60,833 Crore. For the capital outlay, army would get Rs.18, 988.04 Crore, the navy Rs....
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