Defence expenditure is an important component of national security and every country allocates a significant portion of its resources for this purpose. However, given the scarcity of resources and the competing demands from other sectors, a nation’s ability to meet all its Defence requirements is not unlimited. Even the United States, the only military superpower, is unable to afford many of its major programmes, forcing it to scale down the number of items to be procured. The sheer size of the Defence budget and its impact on other sectors of the economy thus, more often raises the question as to how much a country can afford for its Defence.
For complete analysis see Journal of Defence Studies, Vol. 2, Issue 1, Summer 2008, http://www.idsa.in/jds/2_1_2008_IndiaAffordableDefenceSpending_LKBehera
November 8, 2008
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