Category: defence
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The Economics of Permanent Defence Spending
When Security Becomes a Permanent Economic Sector From Peace Dividend to Security Dividend — For nearly three decades after the Cold War, much of the world behaved as though defence spending could gradually become less central to economic policy. Governments spoke about the peace dividend. Capital could move toward highways,…
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Defence Manufacturing as Industrial Strategy and Economic Identity
The story of defence manufacturing has quietly shifted from being a closed, state-driven activity to becoming a central pillar of industrial strategy, where national security, technological capability, export ambition, and high-skilled employment are deeply intertwined. Historically, countries treated defence production as a sovereign necessity, often insulated from market forces and…
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From Shield to System: Defence Manufacturing and the Illusion of Industrial Transformation
The celebration of defence manufacturing as a strategic industrial driver often overlooks a deeper structural contradiction: while it promises to link national security with industrial capability and exports, it simultaneously risks becoming a high-cost, state-driven enclave with limited spillover if not critically designed. Historically, India’s defence production model emerged from…
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India’s Expanding Defense Export Ambitions: Charting a Path to Global Military Markets
India’s defense industry is undergoing a strategic transformation. Once heavily reliant on imports, the country is now emerging as a credible global exporter of defense equipment. Powered by policy-driven reforms, indigenization mandates, MSME participation, and growing global demand, India’s defense export landscape is poised for a significant leap forward. At…
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The Defense Industry in 2025: Navigating Transformation through Innovation and Strategy
In 2025, the global defense industry is navigating a powerful convergence of technological disruption, geopolitical shifts, and rising security imperatives. Valued at approximately $527.06 billion, the market is set on a growth trajectory that will push it to $676.64 billion by 2029, reflecting a compound annual growth rate (CAGR) of…
