Decreasing defense expenditure and increasing social expenditure is the need of the hour
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98 comments Page 10 of 10.
VEDANT GUPTA said:
8 years ago
Decreasing defense expenditure means that we are providing fewer funds to our armed forces who are actually protecting our borders. This leaves less room for the new technology in the defense field. India is a country which has dangerous neighbors like Pakistan. If we reduce the defense expenditure than we will not be able to cope up with the new technology of our enemy. Yes, I agree that the spending on social needs is also important but that doesn't mean that we neglect our safety. If the country is safe then only the investors from will invest in our country, which will only lead to the prosperity of the country and thus will have more funds to invest in social, defense of other areas.
(53)
Deepika said:
7 years ago
Many of our friends confirmed it that both of them are useful and they should be balanced. With my point of view, I will agree with that. Because, if a person was under the peak of a gun and was asked that would you like to die or will you be like this without basic needs properly for several days, a person can't decide what to select. Directly by the gun, he may die or indirectly hunger makes him die. So maintaining both of them equally is important.
(36)
Payal said:
7 years ago
No. Both defense expenditure and social expenditure are equally important right at this moment. Defense expenditure because of the various attacks that India has already faced from ISIS and also because of the terms that India has with Pakistan and China. At any point of time, India might need amunitions, weapons and equipments for which it has to be prepared. Social expenditure is for the betterment of the society that will improve living standard of people and this will ultimately increase country's GDP. But since government cannot allocate funds equally between both, so it has to lessen its expenditure on one of the sector and this can be defense sector.
(33)
Saurabh said:
6 years ago
Right now, I think India has its hands full on both fronts. As India is growing and at one of the fastest rate in the world, a larger economy like China is slowing down and looking at India as a threat to its power in South Asia and the world. Pakistan is also trying to pull India down so that it feels safe about its own power, considering it wants to be seen as India's equal. In this situation, India has no other options but to bulk up its defence expenditure as just becoming a bigger economy won't help India to seen as a global power. It needs to be seen as a military power in proportion to economic growth. In terms of social expenditure, India spends a lot in form of subsidies, loan waivers, rural development, and many different govt plans. I don't feel India needs to increase social expenditure but to start managing it better. With 60% population only contributing 17% of GDP is a very bad ratio and one of the major components that are a burden on our economy.
(24)
Nitish said:
2 years ago
India is part of a growing economy. The expenditure on defence assets is much more useful for the betterment of our future generations. By the continuity with the trend, the changes in the defence system will not lack. The expenditure on social is also important but more useful in Defence.
Weelayat said:
2 years ago
First of all, we have to take a look at our country India as we know that It's a vast country geographically and surrounded by 7 countries part many are our enemies so no doubt that our defense system should be more powerful to counter them if any disturbance creates, but we should also remember that our country is a second rank as per population index thus it's a rare thing that unemployment rate will increase year by year, so should also spend much more on social development.
There should balance in expenditure between the ratio of 60% and 40%, now if we look we use our 20% only for expenditure that's is much less. Very little amount of use for social development will cause more unemployment and less socialization.
There should balance in expenditure between the ratio of 60% and 40%, now if we look we use our 20% only for expenditure that's is much less. Very little amount of use for social development will cause more unemployment and less socialization.
(1)
Pratik said:
1 year ago
In this situation, both are important for the country because we need the defence sector and social development also and social development for decreasing the unemployment rate in country. So, both are equally important so they can invest both sector and equally.
Our population is so vast that reason we need both sectors to develop.
Our population is so vast that reason we need both sectors to develop.
(2)
Tharak said:
4 months ago
If we have to choose one, I would recommend to spend on defence. Because is a country which has threats from neighbouring nations and to counter this we must spend on defence. I agree that social expenditure is required but not at the cost of compensating with defence budget. Once our country is under attack, the whole supply chain gets disturbed. Inflation rises and whole country will be shambled. Then the budget we spent on social expenditures will be of no use.
Today defence have become symbol of strength to protect the nation. If the country is able to protect itself then investments comes from inside and outside (FDI). If we don't look strong we cannot attract FDIs and there is possibility of brain drain too. So, especially for India looking at its circumstances defence budget cannot be decreased.
Today defence have become symbol of strength to protect the nation. If the country is able to protect itself then investments comes from inside and outside (FDI). If we don't look strong we cannot attract FDIs and there is possibility of brain drain too. So, especially for India looking at its circumstances defence budget cannot be decreased.
(2)
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