If India buys 12% of the world’s arms exports by value, but exports just 0.17% of it, there is a huge opportunity that needs to be seized.
For the Union Budget 2021 to be announced on 1 February, all commentary and advocacy is agreed that the government will have to do something extraordinary. Strong growth must be restored to the economy. This cannot just be an incremental budget citing fiscal constraints and revenue generation shortfalls. Fortunately, Finance Minister Nirmala Sitharaman has already indicated that the fiscal deficit will be allowed to slip. Estimates say it is already in the region of 7.5%. Read More…
