defence

America’s giant armsmakers are being outgunned

America’s giant armsmakers are being outgunned

Last year NATO’s 32 members spent $1.3trn on defence, a record high after adjusting for inflation at least since the fall of the Soviet Union. America, by far the biggest spender, is budgeting $842bn this…



How the defence sector goes all guns blazing

How the defence sector goes all guns blazing

MUMBAI : With an aim to become a defence powerhouse, the Centre last week pledged to more than double India’s annual military exports to ₹50,000 crore by 2028-29. The sector is witnessing significant growth driven…


In defence of a financial instrument that fails to do its job

In defence of a financial instrument that fails to do its job

Although buying inflation-protected bonds to protect against inflation does not seem unreasonable, it would have been a spectacularly unprofitable move during the latest bout of inflation. One hundred dollars put into inflation-protected Treasuries in December…