By: D.K Choudhary
Report Finds India as the World’s Largest Arms Importer in the Last Four Years
i. According to a report released by Stockholm International Peace Research Institute (SIPRI) on February 20, 2017, India emerged as the world’s largest importer of major arms during 2012–16.
ii. As per the report, India accounted for 13 percent of the global total sales.The total volume of international transfers of major weapons has grown continuously since 2004 and increased by 8.4 per cent between 2007–11 and 2012–16
iii. According to the data, in Asia, India increased its arms imports by 43 percent between 2007–11 and 2012–16 which is far greater than the imports by its rivals China and Pakistan.
iv. Between 2007 and 2011, India accounted for 9.7% of global imports which is still more than any other country.
v. Major arm SUPPLIERS to India include Russia, USA, European states, Israel and South Korea.