India remains world's largest arms importer
Rajat Pandit
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New Delhi:
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India continues with its embarrassing trudge on the world stage as the largest arms importer, which also makes it strategically vulnerable. A global think-tank on Monday said India's weapons imports are now three times larger than its neighbours China and Pakistan as well as cash-rich Saudi Arabia and the UAE.The latest data on international arms transfers released by Stockholm International Peace Research Institute (SIPRI) shows India accounted for 15% of the global arms imports from 2010 to 2014. “Between 2005-2009 and 2010-2014, India's arms imports increased by 140%. In 2005-2009, India's imports were 23% below China's and just over double those of Pakistan,“ SIPRI said.
India continues to grapple with a fledgling DIB, importing 65% of its military hardware and software. India has spent Rs 1,03,536 crore ($16.72 billion) in direct payments to foreign armament companies in the last five years, while exporting arms worth a paltry Rs 2,644 crore ($426 million) in the same time.
For the full report, log on to http:www.timesofindia.com China has surpassed Germany to emerge as the world's third largest arms seller with bulk of exports to Pakistan, Bangladesh and Myanmar, a Stockholm International Peace Research Institute report said on Monday . “Chinese exports of arms increased by 143%, making it the third largest supplier in 201014, however still significantly behind US and Russia,“ the report said. Despite the rise, China's share in global arms market remained just 5% while US and Russia accounted for 58%.
For the full report, log on to http:www.timesofindia.com
India continues to grapple with a fledgling DIB, importing 65% of its military hardware and software. India has spent Rs 1,03,536 crore ($16.72 billion) in direct payments to foreign armament companies in the last five years, while exporting arms worth a paltry Rs 2,644 crore ($426 million) in the same time.
For the full report, log on to http:www.timesofindia.com China has surpassed Germany to emerge as the world's third largest arms seller with bulk of exports to Pakistan, Bangladesh and Myanmar, a Stockholm International Peace Research Institute report said on Monday . “Chinese exports of arms increased by 143%, making it the third largest supplier in 201014, however still significantly behind US and Russia,“ the report said. Despite the rise, China's share in global arms market remained just 5% while US and Russia accounted for 58%.
For the full report, log on to http:www.timesofindia.com
