Abstract

Considering its large and consistent allocations to defense over time, India has been noted to be a predominant military power in Asia. Concurrently, India can not claim to have reached notable levels of economic and social development. Minimal levels of development thwarts the ability of the population to attain basic needs such as food, health care, and education. Therefore, by examining economic and social variables over the 1974 to 1995 period within a recursive model, this paper determines that, in India, while economic development is not affected by military spending, social development is negatively affected by military spending. Moreover, the results determine that military spending specifically limits the attainment of food, education, and health care by the people of India.

Disciplines

Economics

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Economics Commons

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