Defence Economics

The budget allocation for defence in India in 2016-17 stood at INR 3,40,921 crore or approximately USD 52.2 billion making India the 6th largest spender on defence. In order to fortify the nation’s defences as well as strengthen domestic manufacturing, India aims to indigenize defence production and simultaneously increase its defence exports in the next 20 years.


The public discourse around defence has been traditionally limited to strategic issues. Issues such as economic planning, decision making, cost-benefit analysis of defence production and procurement, which we collectively term as defence economics, have been persistently ignored. It is only when these issues are addressed, that defence and defence industrial policy reforms can be effective. In order to identify the modalities of dealing with these issues, PIF has set up the defence economics vertical.


Research on defence economics is guided by the distinguished members of our Defence Economics Research Advisory Group, under whose guidance we have developed our defence economics research into a comprehensive research programme that will add value to the reforms agenda of the government.


The Research Advisory Group consists of:

  1. Commodore C. Uday Bhaskar, Director, Society for Policy Studies
  2. Lietunant General Anil Chait, former Chief of Integrated Staff Committee
  3. Shri Amit Cowshish, Distinguished Fellow, Institute of Defense Studies and Analyses
  4. Brigadier Gurmeet Kanwal, Distinguished Fellow, Institute of Defense Studies and Analyses
  5. Major General Dhruv Katoch, former Director, Centre for Land Warfare Studies
  6. Shri Nitin Pai, Co-founder and Director, The Takshashila Institution
  7. Dr. Radhakrishnan Srinivasan, former Director, Industry Interface and Technology Management, DRDO
  8. Major General Mrinal Suman, Head Defence Technical Assessment and Advisory Group (CII)


For further details, contact: dnyanada.palkar@pahleindia.org