India is world’s 2nd largest arms importer
- India was the world’s second largest arms importer from 2014-18, ceding the long-held tag as largest importer to Saudi Arabia, which accounted for 12% of the total imports during the period.
- “India was the world’s second largest importer of major arms in 2014–18 and accounted for 9.5% of the global total,” according to the latest report published by the Stockholm International Peace Research Institute (SIPRI)
- Indian imports decreased by 24% between 2009-13 and 2014-18, partly due to delays in deliveries of arms produced under licence from foreign suppliers, such as combat aircraft ordered from Russia in 2001 and submarines ordered from France in 2008.
- Russia accounted for 58% of Indian arms imports in 2014–18, compared with 76% in 2009-13. Israel, the U.S. and France all increased their arms exports to India in 2014-18. However, the Russian share in Indian imports is likely to sharply go up for the next five-year period as India signed several big-ticket deals recently, and more are in the pipeline.
- Pakistan stood at the 11th position accounting for 2.7% of all global imports. Its biggest source was China, from which 70% of arms were sourced, followed by the U.S. at 8.9% and, interestingly, Russia at 6%.
- Globally, the volume of international transfers of major arms in 2014-18 was 7.8% higher than in 2009-13 and 23% higher than in 2004-2008. The ﬁve largest exporters in 2014-18 were the United States, Russia, France, Germany and China together accounting for 75% of the total volume of arms exports in 2014-18.
- China, which has emerged as a major arms exporter, has increased its share by 2.7% for 2014-18 compared to 2009-13. Its biggest customers are Pakistan and Bangladesh.