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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The increase in defence spending for 2023-24 is not enough to even offset inflation, let alone any further decline in the rupee-dollar exchange rate.
“I know that today’s era is not the era of war,” Prime Minister Narendra Modi told Russian President Vladimir Putin during a bilateral meeting last September.
Though most Western officials hailed the Indian leader’s words, many others believed Modi was making a rhetorical point in order to create the right optics before the Bali G20 summit in November. But that statement seems to have been lent some credence by the Union Budget presented by finance minister Nirmala Sitharaman, who gave defence short shrift and not even a perfunctory mention in her 87-minute-long speech on 1 February.
Of the central government’s …
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The country's fighter jet roadmap rests on imported propulsion, leaving its military plans hostage to cost shocks, delays and geopolitics.
Fiscal discipline holds on paper, but the number is propped up by higher borrowing and revenue sources that are far from stable.
