COVID-19 has had an unambiguous impact on the Indian defence forces. The establishment cannot afford to ignore it.
Under the circumstances — whereas Reserve Bank of India Governor Shaktikanta Das stated on May 22 that GDP growth in FY21 is expected to remain in ‘negative’ territory — with millions of job losses and disruptions in business activities — there is no room to hike military expenditure.
The best available recourse to keep the sector healthy is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country.Read More…
