India needs to treat its foreign trade like defence (Part-I/II) (Susmit Kumar, South Asia Monitor)

A country spends significant amounts of money on its defence without thinking about any monetary benefit from defense sector. For an example when India buys an aircraft carrier or dozens of fighter aircrafts, it does not get any monetary benefit out of them. In this two-part article, we will see that a country like India needs to treat the increasing negative Balance on Current Account same as it does with the defence sector. Balance on current account is defined as the sum of the balance of trade (goods and services exports less imports), net income from abroad and net current transfers

http://southasiamonitor.org/detail.php?type=emerging&nid=17038