While a lot of arguments and counter arguments have flown across the political spectrum about the true valuation of the revised government to government Indian Rafael deal, it has been difficult to understand how much is the deal actually worth. Here's a layman's attempt at trying to simplify the whole deal.
To keep things simple I have tried to keep the numbers all in USD (fluctuations of EUR and USD exchange rates will affect some of the values).
Sources used:
- https://economictimes.indiatimes.com/news/defence/ndas-rafale-deal-much-better-than-upas-say-mod-officials/articleshow/62876613.cms
- http://www.rediff.com/news/special/has-india-paid-more-for-the-rafales/20171201.htm
- The Wikileak Cable that was cited by Rafael for not wanting to partner with HAL
- http://defensenews-alert.blogspot.com/2018/03/rafale-deal-first-full-details-of.html
- Defence Procurement Procedure Guideline for Offsets
- List of 72 Indian firms with whom Rafael has tied up for Offsets
- https://swarajyamag.com/politics/breaking-down-rahul-gandhis-narrative-on-the-rafale-deal
