India remains world’s largest arms importer, Russia its top supplier

[ST1976]

India remains world’s largest arms importer, Russia its top supplier​

India continues to hold the title of the world's largest arms importer, despite ongoing efforts to bolster its defense-industrial base. Between 2019 and 2023, the country accounted for a significant 9.8% of the total global arms imports, reflecting a strategic vulnerability in its defense procurement.

Steady Increase in Arms Imports

Recent data from the Stockholm International Peace Research Institute (SIPRI) reveals a 4.7% increase in India's arms imports between 2014-18 and 2019-23. This growth is partially attributed to emergency procurements made in response to the prolonged military standoff with China.

"India was the world's top arms importer. Its arms imports increased by 4.7 per cent between 2014-18 and 2019-23," the think-tank said in a statement.

"Although Russia remained India's main arms supplier (accounting for 36 per cent of its arms imports), this was the first five-year period since 1960-64 when deliveries from Russia (or the Soviet Union before 1991) made up less than half of India's arms imports," it said.

Russia has historically been India's primary weapons supplier, accounting for 36% of its arms imports. However, this trend is shifting, with India increasingly diversifying its sources to include Western countries and domestic manufacturers. Notably, SIPRI highlights that the period between 2019-23 marked the first five-year span since 1960-64 where Russian deliveries comprised less than half of India's arms imports.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[AjayGhatak]

India remains world’s largest arms importer, Russia its top supplier​

India continues to hold the title of the world's largest arms importer, despite ongoing efforts to bolster its defense-industrial base. Between 2019 and 2023, the country accounted for a significant 9.8% of the total global arms imports, reflecting a strategic vulnerability in its defense procurement.

Steady Increase in Arms Imports

Recent data from the Stockholm International Peace Research Institute (SIPRI) reveals a 4.7% increase in India's arms imports between 2014-18 and 2019-23. This growth is partially attributed to emergency procurements made in response to the prolonged military standoff with China.

"India was the world's top arms importer. Its arms imports increased by 4.7 per cent between 2014-18 and 2019-23," the think-tank said in a statement.

"Although Russia remained India's main arms supplier (accounting for 36 per cent of its arms imports), this was the first five-year period since 1960-64 when deliveries from Russia (or the Soviet Union before 1991) made up less than half of India's arms imports," it said.

Russia has historically been India's primary weapons supplier, accounting for 36% of its arms imports. However, this trend is shifting, with India increasingly diversifying its sources to include Western countries and domestic manufacturers. Notably, SIPRI highlights that the period between 2019-23 marked the first five-year span since 1960-64 where Russian deliveries comprised less than half of India's arms imports.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

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