The defence forces have long been synonymous with a sense of pride and respect for every citizen of India. The contributions of the Indian Armed Forces, whether on the battlefield or off it, have always been outstanding, to say the least. In the present-day scenario, the relevance of the defence forces is often understated when governments or citizens focus solely on the top line or bottom line of the balance sheet, often mistaking a prized stallion for a half-linger. This inability to comprehend the vast capabilities of this immense resource is a missed opportunity.
To put things in perspective, it’s essential to understand that the Indian Armed Forces were never merely a relic of the British Raj. They are, in fact, a first-world force serving a third-world ecosystem, hence underappreciated due to a lack of understanding. If we draw a parallel with the corporate sector today, it too faces a similar situation. Hence, the need for this article.
In hindsight, examining other developing economies with weaker defense services reveals that such countries haven’t progressed significantly. Compare this with the top five economies of the world, and you’ll find that they are countries with extremely strong defense forces, with perhaps Japan being an exception, though it enjoys the protection of the U.S. Japan could easily be contested as the military powerhouse of yesteryears, with the capability to recreate itself in the shortest time frame.
The common thread linking these top economies is the significant integration of the private sector with their armed forces. Firstly, all these developed economies have a military presence in other countries, providing a support system to their corporate sectors, which are heavily invested in these economies. Secondly, the corporate sector heavily recruits employable manpower from its defence forces, particularly veterans. Whether as grassroots executives or in C-suite management, the private sector in developed economies has gainfully monetized the experience of its veterans.
Additionally, history has shown that many technologies initially created for military use have found a market when adequately advertised by the corporate sector. Technologies such as the Internet, radio communications, and many others were originally researched for military purposes but are now just as relevant for non-military use.
Future Scenario: Challenges Ahead
The geo-strategic future of India has the potential to be a game changer. What the country is witnessing today is a transition from a developing nation to a potential superpower. The seeds have been sown, a direction given, and an intense effort is underway to realize this dream in the shortest possible time frame. To achieve these objectives, the population must be driven in the right direction, united in the common goal of a “Viksit Bharat” by 2047. If we engage in a bit of crystal gazing, we can surmise the following:
- Economic Growth: The economy is likely to grow at an unprecedented rate, with markets booming, investments rising, and businesses aligning towards the main aim of a developed India by 2047.
- Resource Competition: Access and control of limited resources, as always, will have numerous competitors. If we examine Indian capabilities in terms of strategic relevance, they are unparalleled, particularly given our consumption-driven economy, abundant natural resources, and very young human capital. Therefore, we are likely to face well-funded diversionary efforts aimed at disrupting focus and draining the economy. In essence, we must progress with caution to avoid embroilment in situations like those in Bangladesh or Sri Lanka. The vested interests of legacy economic powerhouses will pose a high risk to our economic development.
- External Aggression: Skirmishes and limited wars are possible in the coming future, which could force us to commit resources detrimental to the country’s progress.
Where the Twain Shall Meet in the Quest for 2047
The corporate sector, with the push of Make in India and concepts like Vocal for Local, Start-up India, Ease of Doing Business, and military indigenization programs, has ensured that Indian business houses are here to stay. Additionally, the Forbes list, which once had no Indian representation, now sees contenders seriously striving for the top spot, with short-sellers trying to profit from efforts to embarrass them. Despite the dedicated efforts of Western financial entities trying to nudge India out of the market, the Indian private sector is being applauded for its finesse and professionalism. For the uninitiated, India is home to numerous business communities who learn the art of commerce from a young age—a learning experience incomparable to what any management school can offer. These communities have now realized their own potential with the much-needed support of the ruling dispensation.
The future of the private sector, along with the defence forces of India, is being realized in the following areas:
- Banking and Consultancy: Inspired by the example of the Big Four, India is keen on creating its own trademark bankers and consultants capable of fueling businesses and contributing to the rise of the Rupee. With the advent of the Rupee being used as a medium of exchange, the materialization of this ecosystem is no longer a distant dream. The efforts of DRDO and numerous innovation projects within the Indian defence forces can be integrated into business ideas, with a growing list of countries looking to India for affordable military hardware. Defence veterans can serve as the interface between the corporate sector and the defence forces, further providing support to client countries as deals are finalized.
- Defene Sector: The defence sector is likely to see persistent growth, with an assured CAGR of 13% projected by various economists. As conflicts become more common, this CAGR may even increase. While the defence sector often suggests manufacturing weapons and ammunition, the creation of a sound defensive ecosystem is a more pressing requirement for militarily weak countries. Indian corporations are already venturing into manufacturing, and it would be prudent for the private sector to tap into the veteran community’s experience to implement the desired level of protection for various clients and countries, both strategically and operationally.
- Analytical Services: Entering new markets or establishing new businesses always requires an in-depth SWOT or VRIO analysis. The defence forces’ ability to critically analyze every aspect of a threat or opportunity before committing to a plan is unparalleled. In fact, it would be wise for any government or corporate sector to utilize this aspect of the defence forces before venturing into the unknown.
- Food Industry: Food security is perhaps the most critical issue facing the international community. The Ukraine-Russia conflict created major disruptions in grain supply, and another such conflagration could have far-reaching consequences. The corporate sector has recognized the monetary and humanitarian potential of this necessity, with frozen foods being touted as the next big thing—rightly so. With an expected CAGR of 17%, many business houses are warming up to this industry. The ability to freeze food to sub-zero temperatures, ensuring longevity and nutritional value, offers an alternative when fresh supplies are disrupted. While challenges in freezing and supply chain management exist, they can be overcome with skilled planning. The defence services, particularly veterans, could be the turning point in this sector. With some exposure to business operations, they can ensure smooth functioning and strict adherence to timelines.
- Manufacturing: A dominant force in GDP, the manufacturing sector has seen some growth in recent years. Manufacturing is likely to experience growth spurts but will require continuous, integrated efforts from both the corporate sector and the government, with top-driven policies ensuring timely fruition. Expected to reach 21% of GDP from the present 17% by 2031, manufacturing will necessitate consolidation. Here, the role of veterans in turning around greenfield and brownfield projects will be significant. The ability of military veterans to plan, lead, and implement strategies independently is crucial for creating a formidable manufacturing sector.
- Overseas Deployments: For a long time, the Indian Armed Forces have seen limited deployment in UN missions and a few training teams. The government’s push to establish ports in friendly foreign countries is a step in the right direction. Major economies have tapped into Africa and Antarctica, securing large controlling stakes in the mining of rare earths and other minerals. Some countries have created agricultural strongholds to ensure food security. India needs to follow suit with an integrated deployment of the corporate sector alongside the Indian Armed Forces to stake claims to limited resources. In a nutshell, the Indian Armed Forces are a boon that can be monetized to benefit the country.
In conclusion, the Indian corporate sector has reached an enviable position on its own steam. However, to secure a leading position, integration and alignment with the Indian defence forces are imperative. A professionally run army, a blue-water navy, and an air force that rules the skies are not the results of an advanced country but are essential for creating a Viksit Bharat by 2047.
