Rafale deal hits troubled waters

August 23 2015

The Rafale deal hogged headlines during Modi’s trip to France. But now suddenly, the deal seems to be breathing its last. The deal had been between two governments, that of India and France. The matter is now stuck at pricing; while India wants to pay an adequate price considering the needs and urgencies of open markets, France is stuck on having India pay the same price that Egypt paid for the fighter planes. India is not ready for the same rate; it also wants an immediate transfer of technology under its Make in India agenda. France is dragging its feet on the matter. All in all, the future of Rafale deal seems unsure at the moment.

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