The MoD has a finance division of long standing. Its role in the colonial period was limited to bookkeeping. It is now graduating from this to working the principles of the economics of defence. It is beginning to look at international experts in defence finance and economics to obtain insights into best practices abroad. This is an encouraging development. It is to be hoped that the transition from being defence accountants to managers in the economics of defence comes about at the earliest.
The writer, a retired lieutenant general, is director, Delhi Policy Group
Epaper
Newsletter
Stocks
Weather
Horoscope
