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You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
Calculating defense budget as a percentage of gdp is bad because gdp is not tax revenues. Taxes are only a fraction of the gdp. No sane economist would support borrowing for defense. Thats the kind of attitude that creates sunk economies.
all these lessons are being taught to us by pakistan's stupidity. Also defense budget for rupee denominated expenses and dollar denominated purchases should be separate and computed differently given India's reserve position. The effects on the economy are totally different if a military spends rupees domestically vs using them for buying weapons systems from abroad.
@@AKumar-co7oe Absolutely, we need a more accurate context for viewing and interpretation of the numbers. Like the capex expenses needs to be split in dollar import in nominal and domestic calculated in ppp terms. Operating costs are always in local currency and hence should be purely on ppp terms. But we also have to add corrections to ppp because local currency is spent on goods and services that are partially imported. So the details matter and need to be accounted for.
SG - please dont forget a lot defense equipment is now being manufactured in India instead of direct imports which brings down the cost to a great extent. This could be a reason for less allocation to defense.
Why infrastructure budget is increasing every year? Rs 10 lakh crore this year. Because everybody knows we need to build a lot. Metros, expressways, airports, railways, ports, etc., Defence budget at Rs 5. 94 lakh crore is more than enough.
A major chunk of that 5,94,000 crores go on Salaries and pensions. Also government have to undergo purchasing and manufacturing of missiles, fighter jets, other machineries. Research & Development of defense technology is also important....
Tell me you don't know jackshit about defense, we are no near a modern force, nor do we required number of squadrons, or battleships to dominate indian ocean
@@amaanhaider15. that's why Agnipath Scheme is need of the hour, as major part of our budget goes towards salary and pensions instead towards R&D, modernization of army
But since 2014, What Modi Govt. Has done is Digitalizing India at a Pace and Scale where today India has the most advanced Financial Payments System in the World,And India Accounts for more than 42% of Global Digital Payments worth $ 1.1 trillion USD in 2022 from Indians alone, So what this Digital Payments does is Records all the Payments from every single Account and Asks Banks to collect Taxes From everyone, and Even if you are not paying Taxes, You'll be Paying Indirect Taxes like GST, That's why India's Taxes have been Booming in last 6 years and World Bank and IMF are praising Modi Govt for Reforming India's Tax ecosystem with which they are Building Massive Infrastructure projects for the Country's Economy and Future Gens, And The Digitalization has helped in reducing Massive corruption and People are Getting Direct benefits from Central govt. Schemes without any Middlemen intervention
Guns Vs Butter is introduced to students of Economics as early as Grade 9! It's a classical dilemma, which govts constantly experience. But you are right about people feeling reassured if more is set aside for Defence. So I have heard FMs over the years, calming the nerves of people, saying "We have allocated so much now but rest assured, if needed, we would not hesitate adding more".
I think 2-2.5% of gdp is decent for defense budget. We should not forget that we are a poor country at 2k$ per capita gdp, it is very important to keep investing in our infrastructure and human capital because that is the ultimate defense. I think as a matter of policy we should try to bring down interest payments to below 15% , ideally below 10%, of expenditure over the next decade, prudent inflation targeting and possibly running a primary surplus by the end of the decade can be an ambitious goal for our financial planners.
I am sure that by 2030 this government would generate a Primary surplus... You are absolutely right the % of budget spent on interest payments is too high... Reduced intensity of imported energy and asset monitisation for reinvestment of capital will be the key
The focus on non salary component of revenue part of defence budget is quite instructive. Building of WWR is indeed important lest we get caught napping. Thank you SG and Snehesh Alex for bringing this to our notice.
Yet all the armchair experts were against tour of duty(agniveer).. this programme in 20 years will start giving us real benefits in the pensions bill which is right now above 1 lakh crore
India is Growing Rapidly in terms of Economy and Industrial Activity, So Even If you look most of the Western countries,They spend around 2% of GDP, So Modi Govt. Has prioritised Infrastructure more than anything With else, With A Whopping ₹ 10 lakhs allocation to Infrastructure
Right now we need higher gdp growth so that even with lower percentage of GDP army budget is still rapidly increasing. We don't want to become like Pakistan where GDP growth is lower which makes army budget seems bigger as percentage of GDP .
A weak Pakistan is the perfect reason for reducing defence budget as the same money can be allocated for other important sector like infra. Again rapid indegenization of arms manufacturing has made the costs reduce substantially.
@@truthseeking6611 never trust the Chinese , they have no principles , they always want more and more territory, they start the fight, how can we compromise? we are not the aggressor . having good relations is agreeing with them , means giving away our territory.
Another important thing to consider is the decline in internal chaos. Insurgencies, Terrorism, and Naxalism are on the decline. For external threats, we have MAD. In fact, MAD, in a modern context, wouldn't just be Nagasaki-Hiroshima-like incineration, it will also be an ECONOMIC BLOODBATH. Of course, we cannot take NATIONAL SECURITY for granted, but with Pak in shambles and China predisposed in a proxy cold war with the US (although I find the commentary problematic, China is too dependent on the US to actually challenge it), India can take a little breather.
Both China and the US are interdependent, but both are also talking about selective decoupling on their own terms. At least here in the US, the view is that China is the largest threat to the US and the Indo-pacific, and there will be long term strategic competition for at least 20 to 30 years.
Measured in % GDP or % of Govt expense whatever we still have the 3rd largest amount [~$72B] of defense spending... Once we are at 5Tr GDP even 2% will be over $100B - almost double that of UK / France and same as Japan which is actually only catching up for decades of underspending
After 2017/18 (After democratization of internet..Indian public awareness 📈.. People started showing interest in everything from defense to infrastructure to foreign policy...& Politics too.
We could also look into it in a different way. Over the last 9 years we had procured , ordered and modified our defence forces arsenal and till now we have orders in place for fighter jets, helicopters from HAL, submarine and naval ships are under construction , guns and equipments procurement for Army is a continuous process . More importantly, there was never a complaint from any of the defence wings that they are having a shortage of funds. The important factor is that this government never moved away from putting additional funds when it is needed by the forces and another important factor is now India is procuring major defence equipments from India itself which also make it much cheaper option compared to earlier times. It's my view that we are doing pretty good when it comes to modernisation of our forces, and we don't need to lose our sleep over the defence budget allocation.
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
FYI tax collection is around 7.5 to 8% of gdp i.e 7.5 % of $3.5 Trillion = $262.5 billion. That's what the government has at center. Some estimates put it at 10% which moves it to $350 billion. Then there is state tax revenues which very a lot.
I am living to see a day, when someone does a detailed analysis of the budget allocation for education.. 🙏🏼 It is really difficult to be an average student and yet have the opportunity to pursue, affordable quality education nearby. 🙏🏼
These are just allocations. The truth is that A.K. Antony had a tacit agreement with PC, and he would return back a large unspent part of the allocated budget. Our defense modernization has suffered immensely during the UPA rule.
Disagree that defence is the largest single head. Please check. Agricultural Credit outlay is 20 Lakh crore ( 6.6 % of GDP). Not even 50 % of this will be recovered. How about cutting that! Farm laws were repealed due to the political farmer. So nothing new can happen in agriculture, no modernisation, no efficiency and no accountability. The Indian Armed forces are a-political and hence their voice will never be heard.
IAF's incompetence is going to bite us real bad. They have dithered, delayed and mismanaged everything handed to them. MRFA was all hype, no action, no AoN either. AMCA, no commitment to purchase, no competition, no updates. Tejas Mk2, Air Force has stalled it's development by delaying testing commitment. Air Chiefs are complaining about theatarization and delaying it's implementation. Army has improved itself greatly, Navy is the best. IAF has been really incompetent.
@@ajaxjaiswal3442 The IAF needs to get their act together first, like the Navy and have organizational clarity on what they want. The mmrca took so long because of internal bickering and disagreements in the airforce, only now have they come up with an internal bureau for aircraft requirements.
@@ajaxjaiswal3442 for eg The delay in the su30 upgrade is because the airforce has still not decided upon Air Service Quality Requirements for the first upgrade FOR THE LAST 3 YEARS
Dont be funny. For Tejas MK2, it is HAL/ADA not delivering the prototype. Force can order equipment only when it is ready. MK2, AMCA and TEDBF are all in paper. Let these PSUs first develop prototype and test before asking order. Delay is because of lack of technical knowledge not because of lack of order.
*M O D I 3.0 fm 2 0 2 4 ....* *INDIA 's defence equipment is getting top notch year after year & local production is improving year after year ... kudoz to BJP led NDA ...*
@@saisagartata9464 Ok. I disagree. When your tax revenue increases, you have more leeway to spend more on your priority areas. Budget is nothing but Input and Output. Input is tax revenues, loans and borrowings. You can't indefinitely increase loans and borrowings. What you can do is increase in tax collections. GST, income taxes are only avenues. If you don't want to increase taxes at least increase the base. For that our tax paying population has to grow. Without anyone paying taxes we want big defense budgets, big roads and highways etc.
wonderful analysis as usual from Shekarji. I think real value is improving logistics at border areas where there is historical construction is going on. Still allocation for capital expenditure is not good. We should slowly increase that to 2.5% then to 3% of GDP. We should also focus in reducing the expenditure by reducing support staff. For example 100 soldiers regiment require support of 65 people which is one of the highest. Second is, reduce administrative staff in Department of defense. Use software wherever possible to eliminate these clerical jobs. This should save money in salary.
👍thanks a lot for the daily UPDATES. And today's budget Review& analysis sir It's worth listening to you👍 it matters to me too.. We Love your style..of reporting news&views it's great and lovely too .great going 🧡
One millennium of foreign invasions ,slavery,religious conversions,genocides, famines,man made calamities and still we INDIANS haven't learned our lesson even after 75 years of Independence. We should have compulsory constitutionally mandated 5% of GDP on Defense. No Compromises
1. Income of govt is less than the expenditure planned 2. For a developing countries, always a budget made with fiscal deficiency. So this extra spending needs borrowing.
Many thanks for a fine lucid presentation of defence budget. Most people look at the gross allocation for defence and do not delve deeper into it. Your right about distinguishing between budget expenses as a percentage of total revenue, and as a percentage of GDP. Latter measure is highly misleading. I cannot understand why the learned economic journalists continue to use percentage of GDP as a measure of budgetory allocation. If India does not maintain a healthy balance between the defence allocation and other priorities, India would be mimicking its disastrous neighbour to the West.
I feel that if we could have an insight into all the acquisition deals (whether indigenous or imports) that are in pipeline, and how many of them are expected to be completed in this Financial year and ahead, then we will be able to judge this budget from a better vantage point, also the preparedness of our armed forces and commitment of this government towards defence. Whether they come to fruition or not will enable us to judge the government's actual delivery on those commitments.
Sir previously I used to listen to Arnab’s channel and the NDTV ( both being extreme on either side of the scale ) and then try to understand the situation…. However after the sale of NDTV , I have quite taken to your channel for an unbiased review and am amazed at the in-depth analysis…
% of GDP reduced ? Funny that even IMF says our GDP increased last year and this year going to be 6.1 . Are you lost anywhere and just came back . I can call PRINT is another BBC 😢
You should not compare 2.5% of GDP in 2012 with 2.17% of GDP in 2023. GDP size has increased manifold since 2012 hence only in Billion $ value should be considered.
Make no mistake - Indian air power (fighters, gunships, killer drones , missiles) is in deep decline with no recovery insight. Fighter squadron levels both in quantity and quality are set to fall and keep falling. There is no real pathway to killer drone induction and a basic cost-effective 600-800km LACM.
P75 I, MRFA, FARP are all just abbreviations that decorate our editorials. Take this a country of our size has 6 AWACS, 6 MAR and has to fly in P8I of navy to do ISTAR duties. RMA...what RMA..
The solution is to find a solution and not to blame anyone. What happened so far happened. If we get into the business of finding someone to blame, then it will remain political and partisan. National security is a collective responsibility cannot be a monopoly of an executive elected for a 5 year term. Both the airforce and the navy want more rafales, with 2024 looming large will the government order?
@@nicpirate007 Air Force hasn't submitted an AoN for it's purchases nor has it made logn term plans They did not have a design and procurement bureau up until 2 years ago.
I have a feeling that HAL is bluffing way abouve their weight and past reputation. Will be really surprised if they meet their quality and timeline goals on lca mk2 and amca. The killer punch will come if the chinese provide j20 to paf. Alarm bells will go full on blazing
Efficiency in procurement of Arms Procurement of Arms from Indian companies No Commissions/no corruption in procurement of Arms Technology is changing- now smaller armies with advanced technology/ drones are keeping enemies at bay Pakistan is not in position to frustrate us These reasons are helpful in maintaining less provisioning for defense budget
Defence budget should ideally be less than 10% of revenue expenditure and around 2% of GDP for healthy economic stability. Lethality of weapons need to be increased by local R&D.
government spending it efficiently that. India bought Rafael, apache helicopter, Ak203 ,83 tejas,American howitzer ,orop applied,S400 from Russia,drones etc yet budget % is same
i can't help but point out that our education budget needs a desperate upping. It doesn't make sense that we spend so little on the one thing that will strengthen our future, knowledge . knowledge is ultimately what creates a quality workforce no matter what field u look at. i am a Public Service aspiratnt and i see how bad the penetration of actual knowledge is at the grassroot level. our students are too far behind global levels and our teachers are far too under trained nad under qualified. our education needs uprooting and replacement and we need it yesterday. i know i sound like a less that adequately informed layman because i do understand that in today's time not spending on defense just is not an option. our country is holding out so well thanks to the robust defense and our soldiers. it's because i understand that it all feel so hopeless. i hope i can see Shekhar Sir do a segement on our education system, doesn't have to be CTC, but I'd really really like to hear your team's take and analysis on this .
India spends more than enough on defence already, better management rather than more funds is what is required. That is the policy the BJP has followed while modernizing a lot of the force.
Wrong to compare Edu and Health with Defence. Edu and Health have to be primarily taken care of by states with very limited central govt role, Defence is not so
UPA era's defense budget was useless because it was done not to protect Indian interest but it was done for Indian Congress party's interest by getting percentage from this budget.
Sorry Guptaji, nation doesn't wants meager resources to go to activities which do not create wealth or development. Defense is a pure expenditure. When more than 70% of the defense budget only consists of pension, medical, salaries, and cost for fuel, something is very wrong with this budget. Indian military particularly army needs massive restructuring which hasn't happened since the British left India.
Defense is pure expenditure lmao, less knowledge. Defense budget is main part to create Military Industrial complex in any nation and its key part of driving any economy. Creates jobs, promotes RnD
@Divyanshu singh economy is created by one customer called the government or through consumption of goods and commodities by the masses? Job of military is to protect the nation not to give jobs. Jobs have to be created by the economy which isn't been able to do due to India's closed economy monopolized by few business houses.
@W Z why are we so desperately dependent on foreign arms when DRDO DPSUs OFB made India self reliant in more than 70 to 80% of India's defense needs?? India deliberately imports foreign arms as netas and generals get several million dollars kickbacks from multi billion dollars arms imports which won't happen if India buys made in India DRDO DPSUs OFB products instead of foreign arms through Tata Adani Ambani under the ruse of make in India.
Of the 4+ yrs of following Cut the clutter and in awe of Gupta sahab..this has been the most boring CTC. Couldn't figure out what was been decluttered.
Why PhD students getting paid only 31-35000 rupee?? Is it even looking attractive offer? Can he/she concentrate on work, because he/she has to worry a lot about financial condition of his/her own and family? How can a 28-30 year PhD graduate student cope with world with just 2-3 lakh saving after 5 year rigorous research. Best minds of the field deserve atleast 50-55000 rupee for their work.
Shekar is sometimes correct. In contrast to Sonia, Rahul, or Chidambaram, the Prime Minister's salary contributes to the nation's GDP. Of course, Sonia, Rahul, or Chidambaram, their children, grandchildren, relatives, and friends requires amusement in a foreign country.
Hello, Can you do an episode on how much the government is spending on recapitalization/Support of the PSUs? How much amount is spent on keeping the various PSUs alive?
Point taken.Meanwhile I observe substantial increase in capital allocation in Capex as well as Railway expenditure. Don't you think that some os these are for improved infrastructure at border areas which will serve both civilian and defence purposes?
Its not necessary that defense budget need to be % of GDP. They just need money. Better part is lot of Make In India is happening in India and it reduce the cost.
The CAGR growth of India's GDP growth during Scam ridden socialist Manmohan Singh was 7.06 %, while during capitalist Vishva gurus,"s was only 5.8%. The debt to GDP ratio in 2022 was up to 84%, Just 4% better than the basket case of Pakistan.
These key words before mms name 😂😂 good laugh . Uneducated bhakts boiling everyday with the fact that they know modi in his tenure hasn't been able achiveme 25% of what mms has done for India lol .
They should monetise the defense by sale of indian weapons to other countries so that defense has a steady revenue stream and also build capacity for 3-6 HAL like cos for sustaining and supplying orders
Did abrogation of Article 370 impact the defense budget over the years? One can easily argue that it lead to significant reduction in the expenditure especially for the Army.
70% is spend on salaries and pensions. Crazy. Reduce the number of personnel by half and make it super efficient and equipped. Else just an employment generation sarkari institution.
This is the contribution of Pakistan and Islam to India. We spend 5X on staying alive than we do on things that matter, from food go education and health to infrastructure.
Now i understand why Agneepath is necessary more than half goes only to salaries and pensions while our equipments are old and obsolete even primary weapon insas is worst in the World
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You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
Calculating defense budget as a percentage of gdp is bad because gdp is not tax revenues. Taxes are only a fraction of the gdp. No sane economist would support borrowing for defense. Thats the kind of attitude that creates sunk economies.
7.30
all these lessons are being taught to us by pakistan's stupidity.
Also defense budget for rupee denominated expenses and dollar denominated purchases should be separate and computed differently given India's reserve position. The effects on the economy are totally different if a military spends rupees domestically vs using them for buying weapons systems from abroad.
@@AKumar-co7oe Nice point. Spending locally, it comes back to the govt in one form or the other.
@@rajp6339 Yup. The army can probably afford to spend 3-4x as much on locally manufactured tech as comparable foreign stuff
@@AKumar-co7oe Absolutely, we need a more accurate context for viewing and interpretation of the numbers. Like the capex expenses needs to be split in dollar import in nominal and domestic calculated in ppp terms. Operating costs are always in local currency and hence should be purely on ppp terms. But we also have to add corrections to ppp because local currency is spent on goods and services that are partially imported. So the details matter and need to be accounted for.
SG - please dont forget a lot defense equipment is now being manufactured in India instead of direct imports which brings down the cost to a great extent. This could be a reason for less allocation to defense.
SG is increasingly becoming a family member - friendly mama (uncle ) who simplifies world for me. Thank you for all that you do
Why infrastructure budget is increasing every year? Rs 10 lakh crore this year. Because everybody knows we need to build a lot. Metros, expressways, airports, railways, ports, etc., Defence budget at Rs 5. 94 lakh crore is more than enough.
A major chunk of that 5,94,000 crores go on Salaries and pensions. Also government have to undergo purchasing and manufacturing of missiles, fighter jets, other machineries. Research & Development of defense technology is also important....
@@amaanhaider15. this!!!! pensions is lot more because armed forces retire early
@@amaanhaider15. that's why govt comes up with Agnipath scheme
Tell me you don't know jackshit about defense, we are no near a modern force, nor do we required number of squadrons, or battleships to dominate indian ocean
@@amaanhaider15. that's why Agnipath Scheme is need of the hour, as major part of our budget goes towards salary and pensions instead towards R&D, modernization of army
We love our Army. We want higher budget for Armed forces. We want our Army to have developed weapons... but we wont pay taxes.
💯
But since 2014, What Modi Govt. Has done is Digitalizing India at a Pace and Scale where today India has the most advanced Financial Payments System in the World,And India Accounts for more than 42% of Global Digital Payments worth $ 1.1 trillion USD in 2022 from Indians alone, So what this Digital Payments does is Records all the Payments from every single Account and Asks Banks to collect Taxes From everyone, and Even if you are not paying Taxes, You'll be Paying Indirect Taxes like GST, That's why India's Taxes have been Booming in last 6 years and World Bank and IMF are praising Modi Govt for Reforming India's Tax ecosystem with which they are Building Massive Infrastructure projects for the Country's Economy and Future Gens, And The Digitalization has helped in reducing Massive corruption and People are Getting Direct benefits from Central govt. Schemes without any Middlemen intervention
Ghar pe khane ka hain?
@@prasenjittripura4691 truth bomb
@@prasenjittripura4691 Army nahi rahegi toh desh nhi rhega...ghar aur khane ka tph chhor hi do...
Guns Vs Butter is introduced to students of Economics as early as Grade 9! It's a classical dilemma, which govts constantly experience. But you are right about people feeling reassured if more is set aside for Defence. So I have heard FMs over the years, calming the nerves of people, saying "We have allocated so much now but rest assured, if needed, we would not hesitate adding more".
Brilliantly written
@@overcastconditions Thank you!
I think 2-2.5% of gdp is decent for defense budget. We should not forget that we are a poor country at 2k$ per capita gdp, it is very important to keep investing in our infrastructure and human capital because that is the ultimate defense. I think as a matter of policy we should try to bring down interest payments to below 15% , ideally below 10%, of expenditure over the next decade, prudent inflation targeting and possibly running a primary surplus by the end of the decade can be an ambitious goal for our financial planners.
I am sure that by 2030 this government would generate a Primary surplus... You are absolutely right the % of budget spent on interest payments is too high... Reduced intensity of imported energy and asset monitisation for reinvestment of capital will be the key
The focus on non salary component of revenue part of defence budget is quite instructive. Building of WWR is indeed important lest we get caught napping. Thank you SG and Snehesh Alex for bringing this to our notice.
Defence Budget is basically a glorified pension and salaries payment plan.
To kya paisa daina band karde ?
those guys defend us instead of staying with their families they deserved to be paid
@@mayureshrasam1708 if they dont get good equipment they wont be alive to receive that pension so your argument is moot
@@Noname-cm7hy who said they are poorly equipped I don't think that is true at all
Yet all the armchair experts were against tour of duty(agniveer).. this programme in 20 years will start giving us real benefits in the pensions bill which is right now above 1 lakh crore
India is Growing Rapidly in terms of Economy and Industrial Activity, So Even If you look most of the Western countries,They spend around 2% of GDP, So Modi Govt. Has prioritised Infrastructure more than anything With else, With A Whopping ₹ 10 lakhs allocation to Infrastructure
Right now we need higher gdp growth so that even with lower percentage of GDP army budget is still rapidly increasing. We don't want to become like Pakistan where GDP growth is lower which makes army budget seems bigger as percentage of GDP .
A weak Pakistan is the perfect reason for reducing defence budget as the same money can be allocated for other important sector like infra. Again rapid indegenization of arms manufacturing has made the costs reduce substantially.
Good relations with the Chinese dictator XI will help reduce our defence budget much more.
We need atleast 100 billion dollar defence budget to counter china
@@truthseeking6611 never trust the Chinese , they have no principles , they always want more and more territory, they start the fight, how can we compromise? we are not the aggressor . having good relations is agreeing with them , means giving away our territory.
@@truthseeking6611 True, but it's not easy.
@@truthseeking6611 Why would Chinese want peace with india? Xi jinping needs an enemy to stay in power and show his people he is doing something
Another important thing to consider is the decline in internal chaos. Insurgencies, Terrorism, and Naxalism are on the decline. For external threats, we have MAD. In fact, MAD, in a modern context, wouldn't just be Nagasaki-Hiroshima-like incineration, it will also be an ECONOMIC BLOODBATH. Of course, we cannot take NATIONAL SECURITY for granted, but with Pak in shambles and China predisposed in a proxy cold war with the US (although I find the commentary problematic, China is too dependent on the US to actually challenge it), India can take a little breather.
Both China and the US are interdependent, but both are also talking about selective decoupling on their own terms. At least here in the US, the view is that China is the largest threat to the US and the Indo-pacific, and there will be long term strategic competition for at least 20 to 30 years.
listen dhoti china biggest trading partner is southeast asia second is european Union and ur American daddy is third so dont be stupid randian
Measured in % GDP or % of Govt expense whatever we still have the 3rd largest amount [~$72B] of defense spending... Once we are at 5Tr GDP even 2% will be over $100B - almost double that of UK / France and same as Japan which is actually only catching up for decades of underspending
After 2017/18 (After democratization of internet..Indian public awareness 📈.. People started showing interest in everything from defense to infrastructure to foreign policy...& Politics too.
We could also look into it in a different way. Over the last 9 years we had procured , ordered and modified our defence forces arsenal and till now we have orders in place for fighter jets, helicopters from HAL, submarine and naval ships are under construction , guns and equipments procurement for Army is a continuous process .
More importantly, there was never a complaint from any of the defence wings that they are having a shortage of funds.
The important factor is that this government never moved away from putting additional funds when it is needed by the forces and another important factor is now India is procuring major defence equipments from India itself which also make it much cheaper option compared to earlier times.
It's my view that we are doing pretty good when it comes to modernisation of our forces, and we don't need to lose our sleep over the defence budget allocation.
We are no where near modernisation
The defence forces have been telling you that there has been a shortage of funds for a long time, people like you just don't bother to listen.
You didn't even mentioned budget allocated to Capital Expenditure,Which is Infrastructure (Expressways, Railways, Airports, Seaports and RRTS etc) Which is by far the Highest with ₹ 10 lakh Crores, 33% higher than 2021 and almost 10 times more than 2014, You should also make a Video about the Infrastructure
FYI tax collection is around 7.5 to 8% of gdp i.e 7.5 % of $3.5 Trillion = $262.5 billion. That's what the government has at center. Some estimates put it at 10% which moves it to $350 billion. Then there is state tax revenues which very a lot.
No according to modi govts own data it's around 12% .
I am living to see a day,
when someone does a detailed analysis of the budget allocation for education.. 🙏🏼
It is really difficult to be an average student and yet have the opportunity to pursue, affordable quality education nearby. 🙏🏼
Education is not the focus for this government.
Make in India defense investment and then increasing defense budget does not make sense. The government did the right thing by decreasing the budget
So can you do a comparison on up 1 and 2 defence purchases and bjp 9 years and tell who made the best contribution to Indian armed forces
These are just allocations. The truth is that A.K. Antony had a tacit agreement with PC, and he would return back a large unspent part of the allocated budget. Our defense modernization has suffered immensely during the UPA rule.
True, during UPA we did not single new equipment in 10 years. We lost crucial time.
Disagree that defence is the largest single head. Please check. Agricultural Credit outlay is 20 Lakh crore ( 6.6 % of GDP). Not even 50 % of this will be recovered. How about cutting that! Farm laws were repealed due to the political farmer. So nothing new can happen in agriculture, no modernisation, no efficiency and no accountability. The Indian Armed forces are a-political and hence their voice will never be heard.
IAF's incompetence is going to bite us real bad. They have dithered, delayed and mismanaged everything handed to them. MRFA was all hype, no action, no AoN either. AMCA, no commitment to purchase, no competition, no updates. Tejas Mk2, Air Force has stalled it's development by delaying testing commitment. Air Chiefs are complaining about theatarization and delaying it's implementation.
Army has improved itself greatly, Navy is the best. IAF has been really incompetent.
Don't read headlines and make your opinions! IAF has competent officers and they have larger context for their decision making.
@@ajaxjaiswal3442 The IAF needs to get their act together first, like the Navy and have organizational clarity on what they want. The mmrca took so long because of internal bickering and disagreements in the airforce, only now have they come up with an internal bureau for aircraft requirements.
@@ajaxjaiswal3442 for eg The delay in the su30 upgrade is because the airforce has still not decided upon Air Service Quality Requirements for the first upgrade FOR THE LAST 3 YEARS
Dont be funny. For Tejas MK2, it is HAL/ADA not delivering the prototype. Force can order equipment only when it is ready. MK2, AMCA and TEDBF are all in paper. Let these PSUs first develop prototype and test before asking order. Delay is because of lack of technical knowledge not because of lack of order.
@@amithabv1060 For su30 upgrade HAL is asking 26million without engine upgrade. This is too much and not worthy
*M O D I 3.0 fm 2 0 2 4 ....*
*INDIA 's defence equipment is getting top notch year after year & local production is improving year after year ... kudoz to BJP led NDA ...*
We have such a low tax paying population but everyone wants huge defence budgets. Shame on us.
I can see a emotion in what you wrote but because people are not paying taxes we must reduce defence budget makes no sence they are 2 different issues
@@saisagartata9464 Ok. I disagree. When your tax revenue increases, you have more leeway to spend more on your priority areas. Budget is nothing but Input and Output. Input is tax revenues, loans and borrowings. You can't indefinitely increase loans and borrowings. What you can do is increase in tax collections. GST, income taxes are only avenues. If you don't want to increase taxes at least increase the base. For that our tax paying population has to grow. Without anyone paying taxes we want big defense budgets, big roads and highways etc.
This is so informative Shekharji
You forgot to mention there is also an additional emergency purchase granted to the vice chief of the army Navy and airforce.
wonderful analysis as usual from Shekarji. I think real value is improving logistics at border areas where there is historical construction is going on. Still allocation for capital expenditure is not good. We should slowly increase that to 2.5% then to 3% of GDP. We should also focus in reducing the expenditure by reducing support staff. For example 100 soldiers regiment require support of 65 people which is one of the highest. Second is, reduce administrative staff in Department of defense. Use software wherever possible to eliminate these clerical jobs. This should save money in salary.
👍thanks a lot for the daily UPDATES. And today's budget Review& analysis sir
It's worth listening to you👍
it matters to me too..
We Love your style..of reporting news&views it's great and lovely too .great going 🧡
One millennium of foreign invasions ,slavery,religious conversions,genocides, famines,man made calamities and still we INDIANS haven't learned our lesson even after 75 years of Independence. We should have compulsory constitutionally mandated 5% of GDP on Defense. No Compromises
Thank you for the episode sir!
ICET needs an episode! It is historic!
Fascinating 👍👍👍. Please explain why the government has to borrow , if we have to give so much interest.
1. Income of govt is less than the expenditure planned
2. For a developing countries, always a budget made with fiscal deficiency.
So this extra spending needs borrowing.
BRO under ministry of defence did an excellent job...
Nirmala ji did a good thing by increasing flow 2 BRO..
Very interesting analysis. Budget looks very different when we observe it minutely on the inside.
Thank you for watching...best wishes, Shekhar
Many thanks for a fine lucid presentation of defence budget. Most people look at the gross allocation for defence and do not delve deeper into it.
Your right about distinguishing between budget expenses as a percentage of total revenue, and as a percentage of GDP. Latter measure is highly misleading. I cannot understand why the learned economic journalists continue to use percentage of GDP as a measure of budgetory allocation. If India does not maintain a healthy balance between the defence allocation and other priorities, India would be mimicking its disastrous neighbour to the West.
The focus of the defense budget should be to improve the technology of warfare and more R&D towards India made weapons.
I feel that if we could have an insight into all the acquisition deals (whether indigenous or imports) that are in pipeline, and how many of them are expected to be completed in this Financial year and ahead, then we will be able to judge this budget from a better vantage point, also the preparedness of our armed forces and commitment of this government towards defence.
Whether they come to fruition or not will enable us to judge the government's actual delivery on those commitments.
Sir previously I used to listen to Arnab’s channel and the NDTV ( both being extreme on either side of the scale ) and then try to understand the situation…. However after the sale of NDTV , I have quite taken to your channel for an unbiased review and am amazed at the in-depth analysis…
You seem to be stupid both channels are nothing more than a Comedy Circus how can someone analyse a topic by watching stand ups?
% of GDP reduced ? Funny that even IMF says our GDP increased last year and this year going to be 6.1 . Are you lost anywhere and just came back . I can call PRINT is another BBC 😢
One point we can't ignore is that India's GDP is growing under this government.
Please do a cut the clutter on regulating Cannibus/Marijuana in India
It was legal Rajiv banned it
You should not compare 2.5% of GDP in 2012 with 2.17% of GDP in 2023. GDP size has increased manifold since 2012 hence only in Billion $ value should be considered.
I have been one of your follower
Thanks for the information
Thank you sir. Informative.
Balance is maintained between spending insanely on defense and ignoring defense needs at all..
Seems very well planned.
Make no mistake - Indian air power (fighters, gunships, killer drones , missiles) is in deep decline with no recovery insight. Fighter squadron levels both in quantity and quality are set to fall and keep falling. There is no real pathway to killer drone induction and a basic cost-effective 600-800km LACM.
P75 I, MRFA, FARP are all just abbreviations that decorate our editorials. Take this a country of our size has 6 AWACS, 6 MAR and has to fly in P8I of navy to do ISTAR duties. RMA...what RMA..
Unfortunately what you have said is very true. Our Air power is the worst. Who is it to blame?
The solution is to find a solution and not to blame anyone. What happened so far happened. If we get into the business of finding someone to blame, then it will remain political and partisan. National security is a collective responsibility cannot be a monopoly of an executive elected for a 5 year term. Both the airforce and the navy want more rafales, with 2024 looming large will the government order?
@@nicpirate007 Air Force hasn't submitted an AoN for it's purchases nor has it made logn term plans They did not have a design and procurement bureau up until 2 years ago.
I have a feeling that HAL is bluffing way abouve their weight and past reputation. Will be really surprised if they meet their quality and timeline goals on lca mk2 and amca. The killer punch will come if the chinese provide j20 to paf. Alarm bells will go full on blazing
Efficiency in procurement of Arms
Procurement of Arms from Indian companies
No Commissions/no corruption in procurement of Arms
Technology is changing- now smaller armies with advanced technology/ drones are keeping enemies at bay
Pakistan is not in position to frustrate us
These reasons are helpful in maintaining less provisioning for defense budget
Defence budget should ideally be less than 10% of revenue expenditure and around 2% of GDP for healthy economic stability. Lethality of weapons need to be increased by local R&D.
government spending it efficiently that. India bought Rafael, apache helicopter, Ak203 ,83 tejas,American howitzer ,orop applied,S400 from Russia,drones etc yet budget % is same
I feel the import component has reduced a lot. This could be seen as a correction of defence cost rather than reduction.
Thanks!
i can't help but point out that our education budget needs a desperate upping. It doesn't make sense that we spend so little on the one thing that will strengthen our future, knowledge . knowledge is ultimately what creates a quality workforce no matter what field u look at. i am a Public Service aspiratnt and i see how bad the penetration of actual knowledge is at the grassroot level. our students are too far behind global levels and our teachers are far too under trained nad under qualified. our education needs uprooting and replacement and we need it yesterday. i know i sound like a less that adequately informed layman because i do understand that in today's time not spending on defense just is not an option. our country is holding out so well thanks to the robust defense and our soldiers.
it's because i understand that it all feel so hopeless. i hope i can see Shekhar Sir do a segement on our education system, doesn't have to be CTC, but I'd really really like to hear your team's take and analysis on this .
India spends more than enough on defence already, better management rather than more funds is what is required. That is the policy the BJP has followed while modernizing a lot of the force.
Wrong to compare Edu and Health with Defence. Edu and Health have to be primarily taken care of by states with very limited central govt role, Defence is not so
UPA era's defense budget was useless because it was done not to protect Indian interest but it was done for Indian Congress party's interest by getting percentage from this budget.
The tone of cut the clutter nowadays started sounding like the voice of the govt justifying everything.
Sorry Guptaji, nation doesn't wants meager resources to go to activities which do not create wealth or development.
Defense is a pure expenditure.
When more than 70% of the defense budget only consists of pension, medical, salaries, and cost for fuel, something is very wrong with this budget.
Indian military particularly army needs massive restructuring which hasn't happened since the British left India.
Defense is pure expenditure lmao, less knowledge. Defense budget is main part to create Military Industrial complex in any nation and its key part of driving any economy. Creates jobs, promotes RnD
It's same every where except we are foreign dependent on tech and arms
@Divyanshu singh economy is created by one customer called the government or through consumption of goods and commodities by the masses?
Job of military is to protect the nation not to give jobs.
Jobs have to be created by the economy which isn't been able to do due to India's closed economy monopolized by few business houses.
@W Z why are we so desperately dependent on foreign arms when DRDO DPSUs OFB made India self reliant in more than 70 to 80% of India's defense needs??
India deliberately imports foreign arms as netas and generals get several million dollars kickbacks from multi billion dollars arms imports which won't happen if India buys made in India DRDO DPSUs OFB products instead of foreign arms through Tata Adani Ambani under the ruse of make in India.
Our ancestors thought the same way and we were slaved by invaders. Without security, there is no development.
16.38% is the clip of the day
Defense doesn't mean that you should spend on weapons..
Of the 4+ yrs of following Cut the clutter and in awe of Gupta sahab..this has been the most boring CTC. Couldn't figure out what was been decluttered.
India should seriously uplevel drones program. When counties like Turkey and Iran are able to succeed here, we should be able to as well.
Us spend 5% gdp on defence and lacking Infrastructure along with gdp growth,
Excellent analysis sir
Thank you for watching...best wishes, Shekhar
Why PhD students getting paid only 31-35000 rupee?? Is it even looking attractive offer? Can he/she concentrate on work, because he/she has to worry a lot about financial condition of his/her own and family?
How can a 28-30 year PhD graduate student cope with world with just 2-3 lakh saving after 5 year rigorous research.
Best minds of the field deserve atleast 50-55000 rupee for their work.
We are saving substantial amounts of kickback paid to the earlier political party. Indigenous supply also contributed to saving.
Salary and pension become of gov employee including armed forces become National Tension and burden, nothing left for development , health ...
Shekar is sometimes correct. In contrast to Sonia, Rahul, or Chidambaram, the Prime Minister's salary contributes to the nation's GDP. Of course, Sonia, Rahul, or Chidambaram, their children, grandchildren, relatives, and friends requires amusement in a foreign country.
It would be nice if you could keep English subtitles below while u speak so that those who are deaf can also read what you say …just a suggestion
Hello,
Can you do an episode on how much the government is spending on recapitalization/Support of the PSUs? How much amount is spent on keeping the various PSUs alive?
Point taken.Meanwhile I observe substantial increase in capital allocation in Capex as well as Railway expenditure. Don't you think that some os these are for improved infrastructure at border areas which will serve both civilian and defence purposes?
Paise lekar news chalane Wali news Channel.. same on you...
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@@pathak_atul haa kyoki English ki aulaad nahi hai ham...
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@@pathak_atul ham to apne baap ki aulaad hai par shayad yaha koi nahi hai.. khaire pehle khud ki spelling sahi kar lo..
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The budget stretches further with control on wastage.
Its not necessary that defense budget need to be % of GDP. They just need money. Better part is lot of Make In India is happening in India and it reduce the cost.
The CAGR growth of India's GDP growth during Scam ridden socialist Manmohan Singh was 7.06 %, while during capitalist Vishva gurus,"s was only 5.8%. The debt to GDP ratio in 2022 was up to 84%, Just 4% better than the basket case of Pakistan.
uneducated m#%on, are you counting 2 years of the Covid pandemic?
India's external debt is only 17% of the GDP you uneducated p%g.
These key words before mms name 😂😂 good laugh . Uneducated bhakts boiling everyday with the fact that they know modi in his tenure hasn't been able achiveme 25% of what mms has done for India lol .
When you going to comment on Adani I thought that was most important issue then anything for future of India
Where is the money from defence exports ?
Chaacha......Govt earnings are directly proportional to GDP of the nation. They are closely related.
How much is the percentage in Interest payments?
Pensions and salaries are a very big portion, 25% Left for new stuff
Great
They should monetise the defense by sale of indian weapons to other countries so that defense has a steady revenue stream and also build capacity for 3-6 HAL like cos for sustaining and supplying orders
We need better reach for such unbiased opinions
India can afford to spend 5 billion extra per year for capital expenditure This fund should be used for MRFA And P75i
Did abrogation of Article 370 impact the defense budget over the years? One can easily argue that it lead to significant reduction in the expenditure especially for the Army.
Thats why defence indigenisation is so cricial. It adds to your Gdp along with making your armed forces capabel. More spending can be done on R&D.
70% is spend on salaries and pensions. Crazy. Reduce the number of personnel by half and make it super efficient and equipped.
Else just an employment generation sarkari institution.
How much will be saving in defence expenses due to agniveer
MIDDLEMEN HAVE BEEN SHOWN THE DOOR AND NOW THE FOCUS IS ON MAKE IN INDIA
Make a video on Adani the latest development and FPO withdrawn
‘India never has n never will’ - that confidence I liked in Sekhar for the first time 😂
This is the contribution of Pakistan and Islam to India. We spend 5X on staying alive than we do on things that matter, from food go education and health to infrastructure.
The title is for the clicks, the usual ThePrint tactic
Chill
Why do you want to spend unnecessarily on defence budget when your main adversary is in self destructive mode….
Indias main adversary is China not pakistan
Now i understand why Agneepath is necessary more than half goes only to salaries and pensions while our equipments are old and obsolete even primary weapon insas is worst in the World