Last week, finance minister Nirmala Sitharaman unveiled some major structural reforms in India’s moribund defence sector, as part of a coronavirus disease (Covid-19)-related macroeconomic stimulus, and the increase in foreign direct investment in defence manufacturing to 74% is radical. However, these are all policy changes that have “potential” and need to be implemented effectively before their outcome can be objectively assessed.
In the interim, India’s military security challenges, both current and long-term, came into unintended focus in this month even as the nation is grappling with the pandemic and its tragic impact on millions of citizens.Read More…
