India to spend 11 billion dollars on submarine project India's government has allocated 500 billion rupees (about 11 billion dollars) to build and buy six new-generation submarines in what is considered the costliest military contract in the South Asian nation's history, a newspaper reported Sunday.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Larger than our entire defence budget...
You don't have China on your northern border.
Or 100's of millions of Taxpayers(albeit much more Poor, but that doesn't matter much by those sheer numbers).
And their communications department can double as a call centre.
I shouldn't have laughed but I did. Loudly.
Larger than our entire defence budget...
How much tax do you want to pay?
You don't have China on your northern border.
Or 100's of millions of Taxpayers(albeit much more Poor, but that doesn't matter much by those sheer numbers).
Sure it does. Even with 40-50 times our population, their GDP is still a couple hundred billion dollars smaller than ours, which equates to a smaller, not larger tax base.
http://www.google.com/publicdata?ds=wb- ... ry:IND:CAN
The significance is that they are spending much more than us on defence.
Larger than our entire defence budget...
How much tax do you want to pay?
I'm not really saying I want to pay more taxes (although I would if I knew it would go to the DND and not for tax breaks or corporate/social welfare), just commenting that their procurement budget will be much larger than our entire defence budget - by about 50% if Harper holds his promise to spend about $20 billion this year.
Given that their GDP is still a fair bit smaller than ours, it's surprising.