The United States has just completed a historically divisive election. As I write, the winner of the presidential election is not yet definitively known, though it seems highly likely that Democratic candidate Joe Biden will ultimately prevail when all the votes are counted. Whatever the outcome, many millions of people will be deeply distressed at [...]
The Indian economic model for defence expenditure relies heavily on Foreign Direct Investment or ‘FDI’ and for a country that spends 1.6% of its GDP on its defence, India meets more than 90% of essential requirements via imports whereas 30% of the total budget is spent on capital acquisitions. In light of the recent Indo-China [...]
