The Kelkar report argues that, “There is yet another strategic consideration for us now. It is imperative that as a responsible nuclear power, India pursues a responsible fiscal policy. This will enable us to retain our strategic autonomy.” Understated as it is, this is a very important point — geoeconomic weakness can undermine geopolitical strength. Anything short of full implementation of the Kelkar Committee's recommendations risks puncturing India's geopolitical standing....Read More

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