As the Minister of Finance said Pranab Mukherjee, who cited the French news agency, increased military spending is associated with a "demand-driven" country. By the way, in the past financial year the military budget India also increased — by 12%.
As shown by the Pakistani newspaper "Express Tribune", about seventeen billion dollars in a renewed defense is budgeted for the purchase of weapons and military equipment. 70% of the costs necessary to pay for the previously signed contracts.
India should soon sign an agreement with the French company «Dassault» for the supply of 126 aircraft "Rafale". Price contract, according to various estimates, could reach $ 20 billion. bucks.
According to the newspaper "Express Tribune" India also implies purchase 70 5 simulators Swiss Pilatus PC-7 for the Air Force — in the amount of $ 600 million — also buy 145 ultra-light howitzers from the United States.
According to the latest report of the Stockholm Institute of international studies problems of the world, posted March 19, 2012, from 2007 to 2011. India was naikrupneyshim global importer of arms.