According to data released by a Sweden-based think tank Stockholm International Peace Research Institute (SIPRI) in their annual report titled ‘Trends in International Arms Transfers-2018’, India was the world’s second largest importer of major arms in 2014-18 and accounted for 9.5 per cent of the global total.
India has been among the top five arms importers in the world for decades. Israel, US and France all increased their arms exports to India in 2014-18.
Russia’s arms exports to India fell 42% between 2009-13 and 2014-18, the report said. Russia, the country’s top arms supplier, accounted for 58% of India’s arms imports during the last five years, compared to 76% in the previous five-year period (2009-13), according to the report. Russia accounted for 70% of Chinese arms imports in 2014-18.
For the period 2013-2017, India accounted for 13 per cent of all imports and was the world’s largest importer. The decline in India’s import is also partly due to delays in deliveries of arms produced under license from foreign suppliers, such as combat aircraft ordered in Russia in 2001 and submarines ordered from France in 2008.
Your email address will not be published. Required fields are marked *
23 March, 2019