Articles Roundup December 4, 2012, due to the financial year of the current and future economic slowdown, India's defense budget will face pressure to cut. November 26, 2012, Indian Defense Minister Anthony mentioned in a parliamentary statement, India's 2012-2013 fiscal year budget allocation of capital procurement of 676.72 billion rupees ($ 12.17 billion), compared with March 1 this year announced government procurement budget given a decrease of 15% from 795.8 billion rupees.
 
Indian senior military official said in the interview with IHS Jane's, budget cuts to make the long-delayed procurement project faces further extensions, also affect the combat reserves. 126 French Air Force Rafale, 197 light utility helicopters and MRTT refueling aircraft as well as the Army and Navy of the various types of equipment procurement project has been postponed.
 
Approved in India in February this year, the defense budget in 2012 was 1.93407 trillion rupees, a year-on-year growth of 17.6%. However, rising inflation, increasing financial deficit and the continuous devaluation of the rupee has slowed down the growth of the defense budget.



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