×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

China’s Defence budget double of India’s allocation

China’s Defence budget double of India’s allocation
PTI
Comment E-mail Print Share
First Published: Mon, Aug 08 2011. 06 57 PM IST
Updated: Mon, Aug 08 2011. 06 57 PM IST
New Delhi: Reflecting its fast-paced military buildup, China’s Defence budget is more than double the allocation by India for its Armed Forces.
Answering a question in the Lok Sabha, defence minister A K Antony said on Monday China spent $78.63 billion on its armed forces last year whereas India’s defence budget for 2010-11 was $33.20 billion.
Asked if India was also planning to hike its defence budget in view of the increased spending by its neighbouring countries, Antony said, “Budgetary provisions for Services are made on basis of an assessment of their requirement for force modernisation, development of critical combat capabilities and overall national policy.”
“Keeping these factors in view, the allocation for defence services has been rising steadily from Rs 1,05,600 crore in 2008-09 to Rs 1,64, 415 crore ($37 billion) for 2011-12,” he said.
In percentage terms, Pakistan’s defence spending has increased by almost double in three years from 2008 to 2010.
In 2008, Pakistan spent $3.43 billion which rose to $6.40 billion in 2010.
Meanwhile, answering another query, minister of state for defence M M Pallam Raju said that HAL has bagged an order to export seven ALH Dhruvs to Ecuador in global bidding.
“It is the process of setting up a regional maintenance centre to cover after sales services, technical and logistic support in the entire Latin region,” he said.
Comment E-mail Print Share
First Published: Mon, Aug 08 2011. 06 57 PM IST
More Topics: China | Defence Budget | India | A K Antony | Pakistan |