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siddhant4u

Well-Unknown Member
Only 3.4% of total federal spending was budgeted for education — down from 3.74% the previous year and from 4.3% when Modi took over in 2014.

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Consider, for example, the treatment of India’s armed forces. Sitharaman barely mentioned defence spending (indeed, for much of the first half of her speech, she barely mentioned any numbers at all). Perhaps that was because the defence outlay has barely kept up with inflation for years, and under Prime Minister Narendra Modi has reached record lows as a percentage of gross domestic product. Not since China humiliated India in a traumatic border war in 1962 has any government allowed defence spending to fall so low. Last year, it came in at less than 1.6% of GDP.
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https://economictimes.indiatimes.co...term-economic-issues/articleshow/70122819.cms
 

DanPSup

Hedge Strategy Trader in Options and Futures

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