LIVE! Modi's decision to buy 36 Rafales shot the price of each jet up by 41%

January 18, 2019 09:47

Prime Minister Narendra Modi's decision, announced out of the blue in Paris on April 10, 2015, to buy 36 Rafale fighter jets from France instead of the 126 asked for by the Indian Air Force for six squadrons, pushed the price of each fully fitted, combat-ready aircraft up by 41.42%.

It was the National Democratic Alliance government's acceptance of the cost of 1.3 billion claimed for the 'design and development' of 13 India Specific Enhancements (ISE), and the distribution of this 'non-recurring cost' over 36 instead of 126 bare-bones aircraft, that was the major reason for the big increase in price.

Read N Ram's exclusive report in The Hindu.

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