Rethinking policy reforms for Indian defence sector in post Covid-19 pandemic period
By: Dash, J.P. and Dash, Anuraag
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Material type: 
BookPublisher: Bihar Journal of Public Administration Description: 18(1A), Jan-Jun, 2021: p.44-60.Subject(s): Covid-19, Defence sector, DPSUs, Slowbalisation, Washington consensus, Indian Economy
In:
Bihar Journal of Public AdministrationSummary: The Covid-19 pandemic and consequent nationwide lockdown have given demand and supply shocks to the Indian economy, impacting with GDP for the first quarter in 2020 sinking to a historical low. The crisis has prompted the Government to announce a series of monetary and fiscal relief packages to revive the economy and bringing back jobs to India through call for AtmaNirbhara Bharat. In this process Indian Government took steps to ban imports of 101 defence items to boost indigenous production. This entails greater capital expenditure (CAPEX) telling upon fiscal health. Further, the A&D (Aerospace and Defence) stocks have seen wide volatility coupled with the slide of the Defence Stocks on the announcement of disinvestment. The impact the pandemic on Aerospace and Defence (A&D) Industry globally has been hard. The effect on India is medium so far, with no clear sight of recovery. This raises questions - will the programme level reforms to drive self-reliance to be encashed by the A&D Industry? Are the policy reforms adequate and appropriate? In view of above facts and queries, the present paper examines critically, India’s response amidst retreat of Globalisation for Localisation, the rise of China as Super Power, the forerunner for economic recovery in post-pandemic period. Further, it throws new light on the emerging policy issues for the implication of the pandemic on Defence Sector. – Reproduced
http://www.iipabiharbranch.org/upload/Complete%20BJPA%20Vol.%20XVIII%20No.%201A%20(Covid%20special%20issue)%202021.pdf
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 18(1A), Jan-Jun, 2021: p.44-60 | Available | AR133592 |
The Covid-19 pandemic and consequent nationwide lockdown have given demand and supply shocks to the Indian economy, impacting with GDP for the first quarter in 2020 sinking to a historical low. The crisis has prompted the Government to announce a series of monetary and fiscal relief packages to revive the economy and bringing back jobs to India through call for AtmaNirbhara Bharat. In this process Indian Government took steps to ban imports of 101 defence items to boost indigenous production. This entails greater capital expenditure (CAPEX) telling upon fiscal health. Further, the A&D (Aerospace and Defence) stocks have seen wide volatility coupled with the slide of the Defence Stocks on the announcement of disinvestment. The impact the pandemic on Aerospace and Defence (A&D) Industry globally has been hard. The effect on India is medium so far, with no clear sight of recovery. This raises questions - will the programme level reforms to drive self-reliance to be encashed by the A&D Industry? Are the policy reforms adequate and appropriate? In view of above facts and queries, the present paper examines critically, India’s response amidst retreat of Globalisation for Localisation, the rise of China as Super Power, the forerunner for economic recovery in post-pandemic period. Further, it throws new light on the emerging policy issues for the implication of the pandemic on Defence Sector. – Reproduced
http://www.iipabiharbranch.org/upload/Complete%20BJPA%20Vol.%20XVIII%20No.%201A%20(Covid%20special%20issue)%202021.pdf
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