Indian Defense
April-June 20.1% Surge In GDP Growth Helped By Low Base, Economy Yet To Recover Fully: P Chidambaram
P Chidambaram has reacted to the news of India recording a GDP growth of
20.1% in April-June 2021 vis-a-vis the corresponding period in the
previous year
Senior Congress leader and former Finance Minister P Chidambaram has reacted
to the news of India recording a GDP growth of 20.1 percent in the April-June
2021 quarter compared to the first quarter of the 2020-21 financial year.
Taking to Twitter, Chidambaram highlighted that despite the tremendous growth
rate of 20.1 percent, it remains a negative growth compared to the first
quarter of 2020-21, which registered a contraction of 24.4 percent. He opined
that the country has not fully recovered from the decline reported in the
previous year while adding that India’s GDP remains below the levels in the
first quarter of the pre-pandemic year, i.e. 2019-20.
India Registers Massive Growth In Q1 2021-22
Before we ‘celebrate’ the 20.1% GDP growth in Q1 (April-June) of 2021-22, please pause to consider the following.
This ‘growth’ is on a low, actually negative, base of (-) 24.4% in Q1 of 2020-21.
— P. Chidambaram (@PChidambaram_IN) August 31, 2021
The Ministry of Statistics and Programme Implementation (MoSPI) announced
growth in India’s GDP by 20.1 percent in the quarter of April-June 2021. The
substantial recovery can be attributed to the Centre and state government’s
localized and calibrated lockdowns to control the surge of COVID-19 cases
during the second wave, as against the complete lockdown imposed during the
first wave in 2020.
Moreover, Chief Economic Advisor KV Subramanian has stated that India is
poised for stronger growth from structural reforms, Government Capex push and
rapid inoculation against COVID-19.
According to MoSPI, GDP at Constant (2011-12) Prices in Q1 of 2021-22 is
estimated at ₹ 32.38 lakh crore, as against ₹ 26.95 lakh crore in Q1 of
2020-21, showing a growth of 20.1 percent as compared to a contraction of 24.4
percent in Q1 2020-21.
Moreover, GDP at Current Prices in the year Q1 2021-22 is estimated at ₹ 51.23
lakh crore, as against ₹ 38.89 lakh crore in Q1 2020-21, showing a growth of
31.7 percent as compared to a contraction of 22.3 percent in Q1 2020-21.
GDP is derived as the sum of the gross value added (GVA) at basic prices, plus
all taxes on products, less all subsidies on products. The total tax revenue
used for GDP compilation includes Non-GST Revenue and GST Revenue. MoSPI
stated that the latest information on the website of the Controller General of
Accounts (CGA) and Comptroller and Auditor General of India (CAG) was used for
estimating taxes on products and subsidies on products at Current Prices, for
ascertaining the GDP growth for the first quarter of 2021-22.
Indian Defense
INS Arihant’s Nuke-Capable K-4 Submarine-Launched Ballistic Missile ‘Ready To Roll’
The solid-fuelled K-4 missile is being developed by DRDO to arm the country’s nuclear-powered submarines in the shape of INS Arihant and its under-development sister vessels. INS Arihant, which became fully operational in November 2018 to complete India’s nuclear triad, is currently armed with the much shorter K-15 missiles with a 750 km range.
“The K-4 is now virtually ready for its serial production to kick-off. The two tests have demonstrated its capability to emerge straight from underwater and undertake its parabolic trajectory,” said a source.
India has the land-based Agni missiles, with the over 5,000-km Agni-V inter-continental ballistic missile now in the process of being inducted, and fighter jets jury-rigged to deliver nuclear weapons. But INS Arihant gives the country’s deterrence posture much more credibility because nuclear-powered submarines armed with nuclear-tipped missiles are considered the most secure, survivable and potent platforms for retaliatory strikes.
Once the K-4 missiles are inducted, they will help India narrow the gap with countries like the US, Russia and China, which have over 5,000-km range SLBMs. The K-4 missiles are to be followed by the K-5 and K-6 missiles in the 5,000-6,000 km range class.
The 6,000-ton INS Arihant, which is propelled by an 83 MW pressurised light-water reactor at its core, in turn, is to be followed by INS Arighat, which was launched in 2017. The next generation of nuclear submarines, currently called S-4 and S-4*, will be much larger in size.
Indian Defense
After Upgradation, Sukhoi Su-30MKI Indigenisation To Reach 78%
India has received clearance to upgrade 84 Sukhoi Su-30MKI fighter jets, which will result in 78% indigenization after the upgrade
In a significant step towards bolstering its military might with indigenously developed technology, India is poised to witness its Russian-origin Sukhoi Su-30MKI fighter jets evolve into a domestic platform. Speaking at a recent lecture.
The upgrade program is being led by Hindustan Aeronautics Limited (HAL) in partnership with the Indian Air Force and other partners. The upgrade is expected to cost US$7.5 billion.
This initiative is a part of a larger effort by the Indian Air Force to modernize its ageing fleet. Air Chief Marshal Chaudhari asserted the critical role of an offensive air force as demonstrated in current global conflicts and emphasized India’s move towards an indigenized arsenal. To this end, the IAF has been proactive, from upgrading its Mirage 2000 to enhancing its MiG-29 fleet.
In summary, the IAF’s commitment to updating their combat forces with the latest technology, including shifting to fifth-generation fighter jets, ensures operational preparedness and a strong deterrence capability. The gradual indigenization of its air fleet marks a pivotal shift in India’s defence landscape, reducing dependency on foreign imports and fostering technological sovereignty.
Indian Defense
Akash Weapon System Exports For The Armenian Armed Forces Gathers Pace
According to unconfirmed reports, Armenia is a top contender for an export order for Akash SAM system manufactured by Bharat Dynamics Limited (BDL).
The Akash export version will also be slightly different from the one inducted by the armed forces. The 100-km range air-to-air Astra missiles, now entering production after successful trials from Sukhoi-30MKI fighters, also have “good export potential”, said sources.
Akash is a “tried, tested and successfully inducted systems”. Indian armed forces have ordered Akash systems worth Rs 24,000 crore over the years, and MoD inked a contract in Mar 2023 of over Rs 9,100 crores for improved Akash Weapon System
BDL is a government enterprise under the Ministry of Defence that was established in 1970. BDL manufactures surface-to-air missiles and delivers them to the Indian Army. BDL also offers its products for export.
Akash Weapon System
The AWS is a Short Range Surface to Air Missile (SRSAM) Air Defence System, indigenously designed and developed by Defence Research and Development Organisation (DRDO). In order to meet aerial threats, two additional Regiments of AWS with Upgradation are being procured for Indian Army for the Northern borders. Improved AWS has Seeker Technology, Reduced Foot Print, 360° Engagement Capability and improved environmental parameters.
The project will give a boost to the Indian missile manufacturing industry in particular and the indigenous defence manufacturing ecosystem as a whole. The project has overall indigenous content of 82% which will be increased to 93% by 2026-27.
The induction of the improved AWS into the Indian Army will increase India’s self-reliance in Short Range Missile capability. This project will play a role in boosting the overall economy by avoiding outgo of precious foreign exchange to other countries, increasing employment avenues in India and encouraging Indian MSMEs through components manufacturing. Around 60% of the project cost will be awarded to the private industry, including MSMEs, in maintaining the supply chain of the weapon system, thereby creating large scale of direct and indirect employment.
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