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India has yet again emerged as the world’s largest buyer of weapons and military equipment, accounting for some 15% of all such international imports. Russia, despite losing monopoly over the Indian defence market, continues to hold a dominant position as the largest supplier for New Delhi. These trends have emerged from a report released by Sweden-based think-tank Stockholm International Peace Research Institute (SIPRI). The assessment was done for a five-year period (2010-2014). Titled ‘Trends in international arms transfers’, it says India’s share in global imports increased by 140% in previous 2005–2009 period, indicating that New Delhi’s attempts to be self-reliant were not enough as sophisticated planes, warships and radars were being procured from outside. In the period 2010–14, which is the basis of the latest report, Russia supplied 70% of India’s arms imports, the USA 12% and Israel 7%.
Top 5 Global Importers:
Top 5 Global Exporters:
The Chinese Threat
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