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India’s Defence Budget 2012-13: A Holistic Analysis

India’s Defence Budget 2012-13: A Holistic Analysis General. India’s economic growth story suffered a set back of sorts in 2011 with the cumulative growth of GDP for 2011-12 anticipated to fall below 7 percent. This had led to some skepticism of the ability to sustain a high defence budget in the coming year 2012-13.  Thus when the Finance Minister, Mr Pranab Mukherjee announced India’s Defence Budget 2012-13 Estimates at Rs 193407.29 Crore/Rs 1.93 trillion or  US $ 38.7 Billion[1], it came as a surprise and relief to many. Defence Minister Mr A K Antony even went to the extent of calling it the best budget under the current circumstances. First the details of the Defence Budget 2012-13, the revenue and capital component of are Rs 1, 13,829 Cro...
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Helpline 1090