The world today has taken a new turn as the threat of terrorism, globalization, increasing competition among the various coun¬tries of the world. In this changing scenario there are various pros and cons which are required to keep in mind specially the eco¬nomic matter is concerned In view of all the changes the countries of the world have been very particular about the defence bud¬get to meet the threat of terrorism and Nuclear war and sustaining their path of economic development.

The book finds its comprehensive treatment about the varied aspects of defence eco¬nomics in broader perspective.

Contents:

Introduction • Defence Budget • Defence Industry and Production • Defence Planning • India's Defence Economic System and Entrepreneurship • Military Production Functions • Defence Industrial Restructuring and Economic Growth • Defence Economics and the Industrial Base • Economics of the UK Defence Industrial Strategy • India's Defence Policy