India's Defence Economy

As the fourth largest military spender in the world India has a huge defence economy supported by a budget amounting to nearly $67 billion in 2020â21. This book examines how well Indiaâs defence economy is managed through a detailed statistical exposition of five key themes â defence planning expenditure arms production procurement and offsets. This book is based on hard-core evidence collected from multiple government and other credible sources including the ministries of Defence Finance and Commerce and Industry Comptroller and Auditor General of India and the Reserve Bank of India. It discusses key issues such as the evolution of Indiaâs defence plan; the feasibility of increasing defence spending; Indiaâs defence acquisition system; and the recent reform measures taken under the rubric of the âMake in Indiaâ initiative. Well supplemented with original tables and figures Indiaâs Defence Economy will be indispensable to students and researchers of defence and security studies politics and international relations finance development studies economics strategic studies South Asian politics foreign policy and peace studies. It will also be of interest to defence ministry officials senior armed forces personnel military attachÃs defence training institutes and strategic think tanks. . Language: English