It is axiomatic that to acquire space to grow, India must constantly work to augment its hard power, which for intermediate global powers, is increasingly located at the intersection of economic and security interests.
In the context of intensifying global geopolitical flux and a fragmented world economic order, it is, therefore, incumbent upon India to clearly establish its priorities for the defence of the realm as opposed to merely asserting its needs which may be endless. That’s the way to ensure some bang for the buck, as it were.
In the Interim Budget (vote-on-account) presented by Finance Minister Nirmala Sitharaman on Thursday, the contours of a twin-pronged approach by the government are discernible.

