Rough Calculations on Agnipath’s Pension-Saving Potential show why the Change is Crucial

GoI’s official arguments for Agnipath don’t emphasise public finance implications of the policy. Although the media has discussed the unsustainability of the military pension status quo, the official press release said that the only motivation for the scheme is “attracting young talent from the society who are more in tune with contemporary technological trends and plough back skilled, disciplined and motivated manpower into the society”. But skirting fiscal reasons may have created an impression, at the popular level, that GoI needlessly foisted another disruptive scheme on unsuspecting masses. The reality is quite different.