In an address at a defence think tank, the Army Chief lamented that the spending on defence is considered a "burden" by many in the country and the military is not getting its due share.
Citing China, he stressed that India's true potential will be realised only when both economic growth and might of the armed forces go hand-in-hand.
He said the country must look for new friends and allies to deal with neighbours along India's western and northern borders, an apparent reference to Pakistan and China.
"We should be able to identify our own national military strategy. We do not have a national military strategy as of now. Directorate General of Perspective Planning has been tasked to come out with it.
Also Read
"We are also coming out with the national security strategy which will be given to the government. Both the draft documents are ready and hopefully we will be releasing them very soon," he said after unveiling 'Strategic Yearbook 2017' at the United Service Institution, a national security and defence think tank.
He said a "very strong military" is key for the economy to develop and cited China's policy in this regard. The army chief also identified ensuring energy security as another important requirement for India to become a major power.
"While we are developing our economy, the military is not getting its due share. I think here we need to draw a lesson from China," he said, adding military and economic growth should be "co-joint" as they are two tenants of national power.
Talking about the evolving security situation in the region, he said India must have close ties with countries like Iran, Iraq and Afghanistan considering the security matrix.
He said such a policy will recreate the outreach India had before partition.
"We have to start looking at how do we carry out counter-encirclement for our future adversaries. Developing alliances, developing friends to overcome the (current) deficiency is important. That must be part of our strategic thought process," he said.
The army chief said that time has come for India to have a say in all major issues at the United Nations and the country must work hard to attain the membership of the UN Security Council.
On energy security, he said India has a huge potential to generate solar and wind energy and it must focus on these energy sources.
Disclaimer: No Business Standard Journalist was involved in creation of this content