Managing Defence Resources Smartly: The Crucial Role of CMAs in India's Cost-Conscious Readiness

Authors

  • Jaya Gupta Assistant Professor, New Delhi Institute of Management, New Delhi

DOI:

https://doi.org/10.33516/maj.v58i9.40-42p

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Abstract

This article aims to highlight the role of CMAs in effectively and efficiently managing the available resources by using their knowledge of cost analysis, budgeting, and financial management to identify areas of inefficient expenditure and execute cost-cutting solutions in the country’s defence sector. CMAs contribute considerably to India’s security preparedness while preserving fiscal prudence by optimising resource allocation, discovering cost-saving options, and assuring financial stability.

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Published

2024-03-23

How to Cite

Gupta, J. (2024). Managing Defence Resources Smartly: The Crucial Role of CMAs in India’s Cost-Conscious Readiness. The Management Accountant Journal, 58(9), 40–42. https://doi.org/10.33516/maj.v58i9.40-42p

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Section

Cover Story

References

Edvardsson, B. (2019). Life Cycle Costing: Using ActivityBased Costing and Monte Carlo Methods to Manage Future Costs and Risks. Routledge.

Behera, L. K., & Mohan Nayak, P. (2021). India’s Defence Expenditure: A Trend Analysis. Strategic Analysis, 45(5), 395-410.

Horngren, C. T., Datar, S. M., &Rajan, M. V. (2018). Cost Accounting: A Managerial Emphasis. Pearson

https://pib.gov.in/PressReleseDetail. aspx?PRID=1928533#:~:text=India’s%20defence%20 exports%20have%20reached,the%20global%20defence%20 manufacturing%20sector

https://www.makeinindia.com/sector/ defence-manufacturing

https://pib.gov.in/PressReleaseIframePage. aspx?PRID=1915589

https://www.indiabudget.gov.in/budget202223/doc/Budget_at_ Glance/budget_at_a_glance.pdf

https://economictimes.indiatimes.com/news/defence/indiaworlds-fourth-largest-defence-spender-in-2022-says-report/ articleshow/99789146.cms

http://www.indiandefencereview.com/news/ indias-military-readiness-challenge/

https://www.indiabudget.gov.in/budget2022-23/doc/Budget_ at_Glance/budget_at_a_glance.pdf

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