India’s Defence Budget 2013-14: A Bumpy Road Ahead
A GDP growth of less than seven per cent combined with the fiscal consolidation path that the Finance Minister has articulated in his budget speech means a lot of pressure on the defence ministry whose plan for current and future expenditure up to 2017 is based on past GDP growth rate of 8 to 9 per cent.
- Laxman Kumar Behera
- March 04, 2013 |
- IDSA Comments
- |