ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Guns or Grain-Macro-Economic Costs of Indian Defence, 1960-70

Macro-Economic Costs of Indian Defence, 1960-70 P Terhal This article attempts a review of the available evidence about the macro-economic costs of Indian military expenditure during the 1960s. The attempt is considered timely, from two points of view: firsts because the international political climate presently prevailing in the region stimulates new pressures for more resources to be put at the disposal of the military sector; and secondly, because the underutilisation of industrial capacity in the Indian economy also supports arguments for increased military expenditure.

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