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Home Economy

The Expenditure on Armed Forces Should Not Be Seen as a Burden on Economy: Army Chief Naravane

by Economy India
April 14, 2022
Reading Time: 2 mins read
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The expenditure on the armed forces is an investment on which one gets full returns and it should not be seen as a burden on the economy, Chief of Army Staff General M M Naravane said on Wednesday.

A nation can survive the shocks that wipe out the share market and leaves thousands of investors bankrupt only when the armed forces of that country are strong, he said addressing a gathering after releasing a book, titled ‘Fifty Years of 1971 War: Accounts from Veterans,’ at the Rashtriya Raksha University.

The book is compiled by the university and contains a message by Prime Minister Narendra Modi. The book is an outcome of a series of webinars organised at the university and deals with various aspects of the 1971 war.

General Naravane’s comments have come at a time when Russia and Ukraine are engaged in a war and there is eastern Ladakh border standoff between India and China.

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“Whenever we talk about the armed forces, and whenever we talk about investments and expenditures made for the armed forces, we should see this as an investment — an investment on which you get full returns, and it should not be seen as a burden on the economy,” the Army chief said.

He said one has seen how the economy suffers whenever there is a crisis.”The moment there is a war anywhere, whenever there is instability in a region, straightway you can see the impact on the shares, on the stock market,” he said.

Surviving such kinds of shock can only happen if the armed forces of the country are strong, he said. While the armed forces play a major part in the security of a nation, other organs of the state play an equally important role, he noted.

“All of us are equal players and stakeholders in the safety and security of the nation,” he said.
General Naravane also advised students of the university to do whatever they feel passionate about, and not because their parents asked them or out of peer pressure.

He said the Army has also opened up more avenues for women.

“We have made it more and more easy, and more avenues have been opened up for women to join the armed forces in more and more streams,” he said, adding that even the Army Aviation wing has been opened up for women, and two of them will be graduating sometime in July.

“As time goes, more avenues will be available to women in the armed forces,” he said.
General Naravane also talked about cooperation between the Indian Army and the Rashtriya Raksha University.

He visited the university’s School of Information Technology where he was briefed about works done on cyber security, artificial intelligence and digital forensics, and how they can contribute to national security. (PIB)

Tags: Economy IndiaGeneral Manoj Mukund Naravane
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Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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