Particle.news

Download on the App Store

Naravane Calls Defence Spending an 'Insurance Premium' Against War

He spoke at a Pune book launch, framing the case in the context of a ₹6.81 lakh crore defence allocation for 2025–26.

Gen. Naravane further elaborated that, unlike conventional insurance, which pays out after a crisis, defence spending aims to prevent catastrophe. (HT)

Overview

  • He rejected claims that military outlays divert funds from welfare, saying national security is the government’s foremost responsibility and cannot be outsourced.
  • He argued that preparedness serves as deterrence, contending that unlike conventional insurance that pays after a crisis, strong defence aims to prevent war and exploitation by adversaries.
  • As an illustration, he cited Ukraine, noting the World Bank’s estimate of about $400 billion for reconstruction within a year of Russia’s 2022 invasion and asserting that earlier investment might have reduced the devastation.
  • He said defence expenditure circulates through the economy by creating jobs, supporting industry and fostering innovation.
  • The Union Budget for FY 2025–26 allocates ₹6,81,210.27 crore to the Ministry of Defence, a 9.53% increase that accounts for 13.45% of total spending and the largest share for any ministry.