The recently concluded three-day international seminar on Defence Finance and Economics, organised by the Indian Ministry of Defence (Finance) in New Delhi, covered a wide variety of issues concerning defence finance and economics and reflected on varied perspectives and practices from across the globe. The seminar was of particular importance because of the involvement of policy makers, academics, and other experts from think tanks and the media, in exchanging and discussing their views in the realm of the changing business and spectrum of defence worldwide. The discussion focussed on some pressing issues like defence strategies and economics, optimal resource allocation in defence, myriad dimensions in defence acquisition and offsets, defence research and development, defence manpower issues, audit and accountability in defence expenditure and procurement, and cost efficient logistics management in defence.
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