The Global Economic Crisis: Some Strategic Implications

Rajan Katoch

Dr Rajan Katoch, IAS (Retd) is a former Secretary, Heavy Industry, Government of India. In the course of a distinguished civil service career, he has served in the Finance and… Continue reading The Global Economic Crisis: Some Strategic Implications read more

Huge budget deficits and the need to spend on fiscal stimuli are bound to impact upon defence budgets and the ability to undertake long-term overseas operations. While India is likely to emerge from the crisis somewhat better off than most countries, the strategic shifts in global power may not all be to India’s advantage
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