Blitz Bureau
NEW DELHI:Highlighting the economic benefits of investment in the defence sector, Rajnath Singh on July 7 stressed judicious utilisation of the Budget by spending at the right time for the right objective, underscoring the need for efficient use of the taxpayers’ money.
Speaking at the Controllers’ Conference 2025 of the Defence Accounts Department (DAD), Rajnath said, “We need to be responsible in utilising the Budget as it comes from the hard-earned money of the public. The Budget should be used optimally – for the right purpose, at the right time.” He also highlighted the fact that the country’s defence Budget is bigger than the GDP of some countries.
Rajnath also pointed out that gone were the days when expenditure in the Defence sector was only considered necessary and never viewed as an economic catalyst. “Now, it is being seen as a spending which has a multiplier impact on the economy,” he said. “Earlier, there was no assessment of the economic impact of expenditure on security but things have changed now when investment in re-armament is rising exponentially. We need to pay special attention to Defence economics,” Rajnath said. He also praised the measures taken by the Defence Acquisition Council for starting procurement from the Government e-Marketplace (GeM) while also called for measures to serve the veterans better.
The conference will foster discussions on policy dialogue, strategic review and institutional innovation and serve as a platform for shaping the future of India’s Defence financial architecture.
