Decreasing defense expenditure and increasing social expenditure is the need of the hour
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Discussion:94 comments Page 10 of 10.
VEDANT GUPTA said: 6 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.
Deepika said: 5 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.
Payal said: 5 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.
Saurabh said: 4 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.
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