Pakistan's defence budget is the lowest in the region despite its location in the red zone in terms of growing threats to its internal security.
Pakistan's defence allocation (US$7.6 billion approximately) is the lowest as compared to the rising defence budget of India which stands at approximately US$51 billion, China $145 billion, Turkey at $22 billion and Iran at $10.2 billion.
According to the United Nations, Pakistan had a gross domestic product of US $250 billion in the year 2015. In comparison, the GDP of Turkey was recorded at $800 bn, Iran at $430 bn, India at $2,308 bn, and China at $10,358 bn.
All defence and defence production organisations get their funds from defence budget allocated by the federal government in Pakistan and approved by the Parliament.
The Pakistani Army gets 48% of the whole defence budget while 20% goes to the Pakistani Air force and the Navy gets only 10% and the remaining 22% goes for ex-servicemen pension and a little amount goes to Pakistan's Inter-Services Intelligence (ISI).
Specific budgetary allocations for the ISI is not disclosed since the Indian RAW and Israeli Mossad’s budget is kept secret.
Terrorism and Military Rule in Pakistan has dried up all foreign investments from the country. With an economy that depends on Foreign Financial Aid even after 68 years of Independence, Pakistan still dreams of competing with India on a daily basis.
The GDP of India is 8.19 and 8.36 times more than Pakistan at nominal and PPP terms, respectively. India crossed the $1 trillion mark in 2007 and $2 trillion mark in 2014. While Pakistan has yet to cross the $300 billion mark. In 1980, size of the economies of India and Pakistan was $181 and $31 bn, respectively.
Aggressive Rise of India's Defence Budget ::
India's defence budget is expected to rise by 10% Y-O-Y for the next 10 years as its economy expands at an aggressive pace as it takes pole position amongst the world's top 5 economies. In the next three years by 2019, India is expected to become a $3 trillion economy and its defence budget will surpass that of the United Kingdom.
India has left Pakistan far too behind in a race that has become impossible for Pakistan to even catch-up.
India trying to catch-up with China ::
China's economy on the other hand is showing signs of extreme distress and has slowed down its GDP to below 7%. China's forex reserves have been on a constant decline and they fell by $512.7 billion in the financial year 2015-16.
Since the dawn of the Modi govt., India displaced China as the world's top investment destination by attracting a whopping $31 bn in Foreign Direct Investments (FDI) in the year 2015.
If India continues on this remarkable growth rate, it will become the world's third largest economy by 2030 (14 years from now) competing head-on with China and leaving Pakistan as an insignificant 3rd world country.
http://www.defencenews.in/article/Pakistan-cannot-sustain-an-Arms-Race-with-India-3210
Pakistan's defence allocation (US$7.6 billion approximately) is the lowest as compared to the rising defence budget of India which stands at approximately US$51 billion, China $145 billion, Turkey at $22 billion and Iran at $10.2 billion.
According to the United Nations, Pakistan had a gross domestic product of US $250 billion in the year 2015. In comparison, the GDP of Turkey was recorded at $800 bn, Iran at $430 bn, India at $2,308 bn, and China at $10,358 bn.
All defence and defence production organisations get their funds from defence budget allocated by the federal government in Pakistan and approved by the Parliament.
The Pakistani Army gets 48% of the whole defence budget while 20% goes to the Pakistani Air force and the Navy gets only 10% and the remaining 22% goes for ex-servicemen pension and a little amount goes to Pakistan's Inter-Services Intelligence (ISI).
Specific budgetary allocations for the ISI is not disclosed since the Indian RAW and Israeli Mossad’s budget is kept secret.
Terrorism and Military Rule in Pakistan has dried up all foreign investments from the country. With an economy that depends on Foreign Financial Aid even after 68 years of Independence, Pakistan still dreams of competing with India on a daily basis.
The GDP of India is 8.19 and 8.36 times more than Pakistan at nominal and PPP terms, respectively. India crossed the $1 trillion mark in 2007 and $2 trillion mark in 2014. While Pakistan has yet to cross the $300 billion mark. In 1980, size of the economies of India and Pakistan was $181 and $31 bn, respectively.
Aggressive Rise of India's Defence Budget ::
India's defence budget is expected to rise by 10% Y-O-Y for the next 10 years as its economy expands at an aggressive pace as it takes pole position amongst the world's top 5 economies. In the next three years by 2019, India is expected to become a $3 trillion economy and its defence budget will surpass that of the United Kingdom.
India has left Pakistan far too behind in a race that has become impossible for Pakistan to even catch-up.
India trying to catch-up with China ::
China's economy on the other hand is showing signs of extreme distress and has slowed down its GDP to below 7%. China's forex reserves have been on a constant decline and they fell by $512.7 billion in the financial year 2015-16.
Since the dawn of the Modi govt., India displaced China as the world's top investment destination by attracting a whopping $31 bn in Foreign Direct Investments (FDI) in the year 2015.
If India continues on this remarkable growth rate, it will become the world's third largest economy by 2030 (14 years from now) competing head-on with China and leaving Pakistan as an insignificant 3rd world country.
http://www.defencenews.in/article/Pakistan-cannot-sustain-an-Arms-Race-with-India-3210
