The book provides a comprehensive analysis of the Indian military budget and its impact on the Indian economy and society. Wacha highlights how the Indian taxpayer was heavily burdened by military expenses, which were largely meant to serve British imperial interests rather than India's own security needs. The work critiques the disproportionate allocation of resources to military expenditure at the expense of social and economic development, including famine relief and public welfare.Wacha’s paper comes at a time when India was contributing significantly to British military campaigns and imperial defense, a fact he underscores with detailed financial figures and comparisons. He draws attention to the lack of Indian consultation in decisions related to military spending and war loans, emphasizing the unilateral manner in which these financial obligations were imposed on India by the British government.

This book is significant as one of the early critical Indian voices against colonial economic policies, particularly those related to defense spending. It provides a factual, financial critique of British imperialism’s economic impact on India, contributing to the growing nationalist discourse that questioned the fairness and sustainability of British rule.By quantifying the military expenditure and linking it to the socio-economic hardships faced by Indians, Wacha’s work helped to expose the economic exploitation inherent in colonial policies. It served as an important document for Indian political leaders and reformers advocating for greater Indian control over finances and governance.

Economic Burden on India: Wacha meticulously documents the scale of Indian military expenditure, noting that the budget had risen from £20 million before World War I to £26 million during the war, a huge sum for an impoverished country. He argues that this expenditure was a heavy drain on India’s limited financial resources, diverting funds from critical areas like famine relief and public health.Imperial Exploitation: The book exposes how India was effectively forced to finance British imperial wars, including through war loans that were presented as "gifts" from India to Britain, without any real consent from Indian representatives. Wacha criticizes this as an exploitative financial arrangement that benefited Britain at India’s expense.Neglect of Domestic Needs: Wacha contrasts the lavish military spending with the neglect of urgent domestic issues such as famine, poverty, illiteracy, and poor public health. He points out that while crores were spent on military ventures, millions of Indians suffered and died from famine and disease, with inadequate government response due to budgetary constraints imposed by military priorities.Lack of Indian Representation: The work highlights the absence of Indian voices in decisions about military expenditure and war contributions, underscoring the colonial nature of governance where Indian taxpayers had no say in how their money was used

"Indian Military Expenditure" holds cultural significance as a reflection of the emerging Indian nationalist consciousness in the early 20th century. It represents the intellectual efforts of Indian leaders like Wacha to challenge colonial narratives and assert India’s right to economic justice and political self-determination.The book also captures the tension between imperial priorities and Indian welfare, a theme that resonated deeply with Indian society, which was grappling with poverty, famine, and lack of infrastructure. It contributed to the broader cultural movement that sought to awaken Indian public opinion about the costs of empire and the need for reform.

Wacha’s exposé contributed to increasing awareness among Indians about the economic exploitation by the British government. It fueled nationalist demands for fiscal autonomy and accountability, especially regarding military spending and war contributions.The book’s detailed critique helped galvanize Indian political opinion against the imposition of war loans and the financial burdens of imperial wars, which were often borne disproportionately by Indian taxpayers. It also highlighted the need for prioritizing social welfare over military expenditure, influencing debates in legislative councils and nationalist forums.While it did not immediately change British policies, the work was part of the intellectual foundation for later movements that demanded Indian self-rule and economic reforms. It underscored the contradictions of colonial rule—profiting the empire at the expense of the colonized—and helped build the case for Indian independence.

Sir Dinshaw Edulji Wacha’s "Indian Military Expenditure" is a pioneering critique of colonial military finance that exposes the economic exploitation of India under British rule. By documenting the heavy financial burden imposed on India to support British imperial wars, Wacha highlights the neglect of Indian social needs and the lack of Indian agency in financial decisions.The book’s detailed analysis and strong nationalist undertones made it an important contribution to the early 20th-century Indian political discourse. It remains a valuable historical document illustrating the economic dimensions of colonialism and the growing Indian demand for justice and self-governance.This summary captures the essence and significance of Wacha’s 1911 work, which remains relevant for understanding the economic aspects of British colonialism in India and the roots of Indian nationalist critique.