Cameron is an idiot. The profit margin for the typical defense firm is about 6%. 6% of $20b is $1.2b, or roughly what the UK has handed over to India. He’d be better off zeroing out the aid budget - as India’s Finance Minister has recommended - over the next 5 years and handing the money over to the manufacturer of Eurofighter.
Nop!why blame cameroon,when you the one who is an Idiot. Your rant ,B.S and troll are like old school jibes. 20billion $ is just for Contract with 50% to be invested back in India as offset but still u get the profit.This is GOI condition to promote Jobs and industry in India.
And besides 20billion $ ,think about spare part industry and Job creation in country of origin.
Hope mods here are not in high to ignore a chinese CCP paid 50cent internet warrior.
Actually the profit margins for defense exports are significantly higher then 6%. They could be anywhere between 12% to 17%.
That would mean a profit margin of anywhere between $2.5 to $3.5 billion dollars. And this we are talking about just profit margins. The actual overall $20 billion dollars worth of contract would be pumping much needed cash flow into the debt ridden European economy. It will not only create jobs but also help build industrial base and kick start economic activity.
Cameron’s peanut $1.2 billion will only generate so many government jobs. And we all know how well government created jobs work for the economy.