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Defence Economics & Industry: Publications

FDI in Defence: Need for Liberalisation and Simplification

May 04, 2017

The government should set up a task force to engage with potential investors and investees and evolve a simplified FDI policy, which has different slabs for different kinds of activities and is free from terms and conditions that are difficult to understand and implement.

Examining the Case for Complete Transfer of Technology

March 21, 2017

The relationship between the cost versus coverage of technology transferred, which likely follows the law of diminishing returns, would make technology acquisition beyond, say 80 per cent, increasingly cost prohibitive, with no matching and assured gains

Dual Charge – An Opportunity to Fix Financial Management in Defence

March 21, 2017

It is important to restore the functional self-sufficiency of the finance division of a ministry which handles 17-18 per cent of the total central government expenditure so that it could discharge its responsibilities without real or perceived pressures.

Defence Expenditure: A Challenge for Defence Economists

March 14, 2017

The basic challenge for defence economists is to demonstrate that there are other feasible ways of skinning the cat during budget formulation. But the challenge is also inextricably linked with the need for rationalisation of defence expenditure.

Rebooting the Defence Budget

February 28, 2017
Rebooting the Defence Budget

There is a strong case for abandoning the present approach of looking at the defence budget through the narrow prism of allocation and utilisation, and instead focus on outcomes.

HAL’s Gamble – Will the “Advanced Hawk” break into the Export market?

February 13, 2017
HAL’s Gamble – Will the “Advanced Hawk” break into the Export market?

On 5 February 2017, a version of the Hawk Advanced Jet Trainer (AJT) was unveiled. The aptly-named “Advanced Hawk” is a joint-venture between BAE Systems and Hindustan Aeronautics Limited (HAL). It has been developed using internal funds on an equal risk basis and offers significant enhancement of the capabilities of the basic Hawk AJT.

10 Questions the Standing Committee on Defence needs to ask MoD

February 13, 2017

The objective of asking these question should be to elicit information that generates a well-informed debate on, and facilitates the result-oriented monitoring of, the MoD’s handling of matters related to the defence budget.

India’s Defence Budget 2017-18: Should Alarm Bells Ring?

February 10, 2017

The share of defence expenditure in 2016-17 has gone below the levels it was in 1955-56. In 2017-18 it will go down to 1.557 per cent of GDP.

Would a Non-Lapsable Defence Modernisation Fund Work?

February 10, 2017

There is a plethora of evidence to show that the problem of establishing a Defence Modernisation Fund does not lie with any ‘rules of business’, but instead with its merit and workability.

India’s Defence Budget 2017-18: An Analysis

February 03, 2017
India’s Defence Budget 2017-18: An Analysis

While certain changes in the format of the defence Demand for Grants have brought even more complexity to the task of estimating India’s official defence budget, the fact remains that there has only been a meagre increase of 5 per cent which is grossly inadequate to keep the Armed Forces in fighting form.

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