India’s Illusory Defense Budget Hike

by Dan Darling, International Military Markets Analyst, Forecast International.

India’s Finance Minister Arun Jaitley unveiled the government’s fiscal year 2018 Union Budget on February 1. Included within the budget is a year-on-year nominal increase of 5.91 percent for defense. The latest outlay marks the fourth consecutive increase by the government of Prime Minister Narendra Modi and pushes India’s topline defense budget from its 2017 revised estimate of INR2.79 trillion ($43.6 billion) up to INR2.96 trillion ($46 billion) for 2018. Continue reading

Another Tender, Another Failure as India Seeks to Reboot Its Minesweeper Project

by Dan Darling, International Military Markets Analyst, Forecast International.

Kangnam Minesweeper.  Source – Kangnam Corporation.

The Indian Navy’s pressing requirement for modern mine countermeasures vessels (MCMVs) continues to take a back seat to bureaucratic bungling, “Make in India” industrial offset requirements, and pushback from South Korean shipbuilder Kangnam. Continue reading