Versuchen GOLD - Frei

Linking economic and security strategies

Financial Express Lucknow

|

May 27, 2025

India's economic strategy vis-à-vis to Punjab (& perhaps in other ways for other border states with minority populations) has reduced national security while being directly suboptimal

- NIRVIKAR SINGH

ECONOMIC STRATEGIES AND security strategies are inevitably linked to each other. Residents of the earliest large towns built walls to protect themselves from marauders, and used some of their economic surplus to finance those walls as well as military capabilities such as training defence forces and providing them with weapons.

The post-World War II security order allowed countries like Japan, South Korea, and Germany to grow economically under security umbrellas fashioned and led by the United States, reducing their need to spend on their own national security.

India chose a different path, and its own distinct security strategy, which in some ways was more successful than its economic strategy. The world in which these choices took place began to change with the collapse of the Soviet Union and the rise of China, and those changes are now accelerating dramatically.

India began to shift its economic strategy in the late 1980s, with gradual acceleration of those shifts over time, including the moderately "big-bang" reforms of 1991. More recently, its security strategy has also shifted, including its membership in the Quad, along with the US, Japan, and Australia. The reason and the focus for such shifts is, of course, China, which has quickly followed its economic success with political assertion. Countries in China's geographic neighbourhood (and the US, which is omnipresent since the last World War) see China's moves as a threat. Taiwan has good reason to be worried, but in other cases China's leaders may well justify their actions as protecting their own national security.

WEITERE GESCHICHTEN VON Financial Express Lucknow

Financial Express Lucknow

TN stampede: CBI quizzes TVK chief Vijay for 6 hours

ACTOR-POLITICIAN TO BE CALLED AGAIN BY PROBE AGENCY

time to read

1 mins

January 13, 2026

Financial Express Lucknow

Gold and silver storm to records

GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.

time to read

1 min

January 13, 2026

Financial Express Lucknow

UK investigates X over Grok deepfake concerns

UK REGULATORS HAVE opened a probe into Elon Musk's X as backlash mounts worldwide over the thousands of sexually suggestive images generated by the artificial intelligence tool Grok on the social media platform.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Germany pledges €1.24-bn boost for green partnership

INDIA AND GERMANY on Monday signed and exchanged 27 memoranda of understanding (MoUs) and joint declarations of intent, and made eight key announcements here.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Balance sheets don't fully reflect bank risks: Deputy guv

BANKING SUPERVISION CAN no longer rely only on balance sheets and compliance checklists as digitisation reshapes risks, Reserve Bank of India (RBI) Deputy Governor Swaminathan J has said, calling for a sharper focus on operational resilience, third-party dependencies and customer protection.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Apple tops 2025 smartphone mkt

GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Retail inflation rises to 1.33% in December

INFLATION, MEASURED BY the consumer price index (CPI), rose to 1.33% in December from a series low of 0.25% in October and 0.71% in November, largely on account of narrowing of food deflation and waning of a favourable base.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Anup Saha joins Kotak Bank as whole time director

KOTAK MAHINDRA BANK on Monday announced that Bajaj Finance's former MD Anup Kumar Saha will oversee its consumer banking vertical.

time to read

1 min

January 13, 2026

Financial Express Lucknow

BSE, IFCI stocks surge on NSE IPO expectations

STOCK PRICES OF the BSE and IFCI surged on Monday on hopes of the listing of the National Stock Exchange (NSE), which is the highest-valued company in the India unlisted space.

time to read

1 mins

January 13, 2026

Financial Express Lucknow

Battery plant plans back on track: RIL

RELIANCE INDUSTRIES ON Monday said its plans for battery storage manufacturing remain unchanged and are progressing in line with target timelines.

time to read

1 min

January 13, 2026

Listen

Translate

Share

-
+

Change font size