India-Pakistan Tensions: Security bills weigh on India’s budget
India Finds Itself in a Perpetual State of Readiness — Not Officially at War, but Rarely at Peace. This Chronic State of Tension, Especially With Pakistan, Has Created What Economists Might Describe as a Low-grade War Economy. It’s Not Marked by Tanks Rolling Daily or Missiles Flying Overhead, but by Sustained, Silent Costs That Ripple Through Budgets, Policy Choices, and Long-term Development Goals.
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