Back in 2016, India announced 36 Tornado from France, with a total value of about 8.8 billion euros, each of which was even higher than the American F35.
India has Rafale ".
At that time, everyone thought that France had squeezed all the money out of India, but everyone knew the "temperament" of the Indians, so how could France sit on the profits of the fishermen?
Because France delivered the Rafale in 2022, India will "cheat" and has not paid the arrears of five billion euros until now, which makes France very annoyed.
01 India's "old lai".
In fact, India's global credit has not been very good, especially in the business field, and any country that wants to cooperate with India must be prepared for the worst.
The third brother is also a smart person, he doesn't dare to do it on the surface, but secretly he does a lot of unsightly things.
For example, Xiaomi has been sued by the Indian side, claiming that Xiaomi is suspected of violating the law, including some illegal transfers and other behaviors.
Xiaomi lost to India. ”
Earlier, India confiscated about 55.5 billion rubles from millet, equivalent to nearly 5 billion yuan in currency.
As soon as India's law enforcement agencies approve it, don't want the money.
Xiaomi has also sued law enforcement in India, but it has not achieved much good results, because this is their territory, they are the rules here, and they can accuse foreigners at will.
Although India has an abundance of cheap labor, many companies are reluctant to set up factories in India due to its increasingly poor investment conditions, making it very difficult for India's manufacturing industry to develop.
In the same way, India is doing the same thing, including arms**.
In 16 years, France and India reached a large order of up to 8.8 billion US dollars, which is enough to go down in the history of the world's arms.
The French side is also very happy, they ordered a total of five fighter jets in 2020, and the Indian side is very satisfied with this, and has been urging France to deliver as soon as possible, and in just two years, 36 fighter jets have been delivered.
According to international practice, India pays in stages, that is, if France produces several batches of arms, India will have to pay part of the payment.
The Indian side is not vegetarian either, and when it paid 3 billion euros, it said that it was a little tight on money and would pay them when the plane was completed.
At the instigation of India, the French side did not know what was going on, and was the first to send the plane over.
However, no sooner had the "Rafale" fighter been delivered than India suddenly "disappeared," and the Indian side said that it would talk about it later.
The French are about to cry, they fell for India, and now India is still dragging their money.
02 How do you pay back the money?
At the same time, India has not talked to France about repaying its debts, but they say that their European reserves are very limited and will have to wait at least a dozen years to start.
The longer it drags on, the lower the value of France will become, and ten years of inflation will be enough to cost France billions, which they cannot accept.
India once again said that if there is not enough money, can the two sides settle in rupees? If France agrees, India will start printing at once, and the war will end in minutes, not as it is now.
The Indians want to settle in rupees, they are simply playing a scoundrel.
A country's exchange rate is closely related to its overall strength.
People accept the dollar because they have strong purchasing power, and some of the rich people in the Middle East do not like to pay in their own currency at all, but in dollars.
However, with India's financial resources, these five billion dollars are just a piece of waste paper for France.
India has nothing, and France's biggest advantage is food, but it doesn't take much money either.
In cases where settlement in national currencies and credit are not feasible, then there is only one way left, and that is to barter.
Recently, because of the Russian-Ukrainian war, India has bought a lot of cheap ** from Russia to replenish its own stocks.
If the rupee is not accepted, then **is the best option, as long as you come up with the equivalent**, or buy some goods, you can ease the debt.
However, this is not a good thing for France, because the currency is the most important thing compared to the physical goods.
03Will India be able to repay its debts?
Considering that India has not yet paid the remaining amount, the two sides should not have agreed on the remaining amount of the Rafale fighter jet, so what will the Indian side do? Among them, there is a huge room for manoeuvre.
But India can't afford to withstand such a toss, after all, it is a fourth-and-a-half-generation fighter, and there is no comparison with those rudimentary machines.
You must know that any fighter must be carefully maintained.
Given India's current state of science and technology, it is unrealistic to achieve complete independence on these issues.
At the end of the day, India has to ask France for help, but if India continues to be in debt, France won't give them anything, not even spare parts.
Therefore, judging from the relationship between the two sides, coupled with India's maintenance requirements for the Anti-Wind fighter jet, even if everyone is cut back, they will pay back the rest of the money.
At present, the only way for India to compete with China and Pakistan is to buy more Rafale fighters from abroad.
India can also buy Su-35 fighters from Russia, but now that China and Russia are very close, India has already made up its mind to "break up" with Russia, and it is difficult to say whether it can get one from them.
Quote: 1] "Rafale".
2] Lei Yan, "Good at Air-to-Air, Air-to-Ground Combat and Aerial Reconnaissance Rafale Fighter, Air "All-rounder"".
3] Jiang Yu, "The Sword of France: An Analysis of the Rafale Fighter", Aviation Archives, 2007 (3): 38-53, U.S. Air Force Intelligence