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Podcast: businessline's State of the Economy Podcast
Episode: Can India achieve Atmanirbharta with just 0.75% GDP on research?
Description: In this episode of the State of Economy Podcast, businessline's Dalip Singh speaks with Lt Gen Kapil Aggarwal (Retired), a former Director General of Electronics and Mechanical Engineers about the pressing issues in defence funding and reforms. With India's defence budget hovering around 1.9-2% of GDP for FY 2024-25, the conversation tackles whether this allocation is sufficient to meet modernisation needs and the increasing demands of future warfare. The podcast highlights the gap between current defence spending and the Standing Committee on Defence’s recommendation of 3% of GDP. General Aggarwal offers insights on the lack of domestic abs...