Stockholm International Report: India is the second largest importer of arms

The Stockholm International Peace Research Institute (SIPRI) recently released its report on “Trends in International arms transfers 2019”. According to the report, India is the second largest arms importer in the world.

Key Findings of the report

The report says that Russia is the largest supplier to the Indian market between 2015-19. Russia has remained the top supplier in spite of the fact that Indian Weapons market for Russia declined from 72% to 56%.

The report also says that the top 5 arms importers in the world include Saudi Arabia, India, Egypt, Australia and China. These 5 countries accounted to 36% of world arms imports.

India

India has diversified it arms imports in the year 2015-19. The report also said that India acquired military hardware from other countries. It includes Scanter-6000 radars from Denmark, ACTAS sonar systems from Germany, Embraer ERJ-145 jets from Brazil, K-9 Thunder artillery guns from South Korea and Super Rapid 76 mm Naval Guns from Italy.

Month: Current Affairs - March, 2020