Two weeks back, we had raised questions about the decline in India's defence budget as a percentage of both gross domestic product (GDP) and the national budget. We had then promised a second part talking about how to raise the resources to increase it to 2.5 per cent of GDP, from 1.9 per cent, over the next four years, and where to invest these additional funds. Donald Trump's dramatic victory overtook events last week. That's why the second part comes now.
We can start this story from the fateful night of December 9, 1971, at the peak of fighting in that war. It was fateful because this was the night INS Khukri was sunk by the Pakistani submarine PNS Hangor, becoming the only ship the Navy has lost to combat. Instead of hiding, the Hangor had made its presence evident, setting up a bait.
India took up the challenge and sent out a three-ship formation optimised for anti-submarine warfare to hunt for it. One ship, INS Kuthar, developed engine trouble and pulled back.
The fact remains that all three had inadequate sonars.
Neither the Khukri nor the Kirpan spotted the Hangor. Two torpedoes fired at the Kirpan missed. The Khukri took three hits and sank almost instantaneously. That's the reason for the high fatalities, with only 67 survivors. A tale of eternal regret, however, still hangs to this day.
Though the Navy was aware of Pakistan's formidable submarine force, not enough had been done to build anti-submarine warfare (ASW) capabilities. Even in this task force optimised for ASW, the sonars were inadequate. India had had months to prepare for this war, yet when it began, an experimental sonar was being tested on INS Khukri, in partnership with the Tata Group.
Diese Geschichte stammt aus der November 16, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 16, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Ratan Tata: Picture perfect
Politeness is to human nature What Warmth is to Wax.
I chose DLF over Disneyland dream, says KP Singh
KP SPEAK: Gurugram remains a developing city; urban planning needs a long-term vision, the PM must set up a high-powered panel for it
REDISCOVERY OF INDIA
Indian collectors are reclaiming Colonial-era art created by foreigners as an intrinsic part ofthe country's history
Go for fund with large AUM, high credit quality and low cost
Liquid funds have offered an average return of 7.28 per cent over the past year.
Auto majors in slow lane on weak demand
TaMo, Maruti, SMIL stocks down up to 23% in 4 weeks; analysts say downside risk limited, an opportunity for long-term investors
Volume growth for NMDC to remain robust in H2FY25
NMDC's revenue in Q2FY25 came in at ₹4,900 crore (a rise of 23 per cent year-on-year or Y-o-Y), while it was down 9 per cent quarter-on-quarter (Q-o-Q).
CIEL HR to file draft papers for ₹450 cr IPO
CIEL HR Services (CIEL), which uses technology to provide human resources solutions, will soon file draft papers for an initial public offering (IPO) estimated to be around ₹450 crore in size, according to sources.
Angel funds see red in Sebi's new accredited investors-only proposal
The Securities and Exchange Board of India's (Sebi's) proposal to allow only \"accredited investors\" to invest in angel funds has raised concerns in some quarters, even as most fund managers believe the overall ecosystem was set for a boost.
CLSA does U-turn on China, ups India exposure after Trump win
Says India seen as more attractive investment destination due to its strong economic growth and relatively low exposure to trade risks
Unfazed by mkt fall, largecap, flexicap MF schemes shine in Oct
Both categories saw all-time-high inflows during the month