Defence Expenditure

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  • Budgetary Reforms: The Forgotten Agenda

    Micro and macro-level budgetary reforms are required to ensure optimum utilisation of the allocated resources for executing financially viable plans.

    August 02, 2022

    Anjali Ranawat asked: How far has India met the target of achieving $25 billion defence production by 2025, and what needs to be done to boost the defence industry to achieve the same?

    Amit Cowshish replies: The draft Defence Production and Export Promotion Policy (DPEPP) 2020 aims at achieving a turnover of Rs 1,75,000 crore (US$ 25 billion) by 2025, but no mechanism seems to be in place to aggregate the annual turnover–broadly defined as the value of sale–of the entire Indian defence industry, including the private sector entities.

    India’s Defence Expenditure: A Trend Analysis

    This article examines India’s defence expenditure over the past ten years. In so doing, it provides a public finance perspective to explain the recurring resource crunch being faced by the Ministry of Defence (MoD). The article reasons that a substantial augmentation of resources for the MoD in the past has faced stiff barriers due to lack of tax buoyancy and also the political, economic and other exigencies that have led to greater public spending outside the traditional areas of expenses, including defence.

    September 2021

    Indigenisation – In Need of Policy Framework

    There is a need to formulate a composite policy that focuses on indigenisation in high priority technology areas, shedding the notion that it must necessarily result in savings. A more modest and focussed mission-mode approach to indigenisation can produce better results.

    July 09, 2021

    Promoting Defence Exports

    India’s defence eco-system is indeed becoming more dynamic as it strives to achieve the tough defence exports targets.

    March 31, 2021

    Bang for Buck: India’s Defence Expenditure in Wider Perspective

    Given the limited resource base and various competing demands, the MoD needs to work on a plan to optimise its allocated resources, rather than hoping to bridge its entire resource gap through additional funding from the Ministry of Finance.

    July 10, 2020

    Role of Political Guidance for Self-Reliance in Defence

    Self-reliance in defence may be better realised if India’s military instrument were to be shaped by political guidance and geopolitical considerations instead of being carried away by the contemporary winds of COVID-19.

    June 01, 2020

    Defence Sector Reforms: A Long Haul

    Although the new measures announced to fast-track the defence sector are significant, they do not add up to a comprehensive and overarching reforms package.

    May 20, 2020

    COVID-19 and India’s Defence Spending

    The inevitable reprioritisation of the central government’s expenditure in the coming union budgets would affect the resource allocations particularly for big ministries like the MoD, which will be forced to realign their business practices.

    April 24, 2020

    Defence Pension: A Comparative Study of India, US and UK

    Given the rapidly rising pension liability in India and the concern expressed by the CDS, the experiences of the US and the UK could be useful in carrying out pension reforms in India.

    April 23, 2020

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