Thursday, July 21, 2011

Peace-loving India is the world's largest arms importer...

India is in the middle of a multi-billion dollar military spending spree that has quietly seen the country of Mahatma Gandhi and non-violent protest emerge as the world’s largest importer of arms. It is expected to retain that position for at least the next five years.

As the country works to expand its regional strategic influence and to counter what it considers existential threats from Pakistan and China, India now accounts for nine per cent of all global arms purchases. Its current defence budget of $36bn – an increase of around 11 per cent on the previous year – is more than double what it spends on education and health combined.

Speaking last week in Delhi, defence minister AK Anthony, said: “India has always been a votary of peace and advocated peaceful relations with all nations. [But] we need to ensure optimum deterrence to fully safeguard the sovereignty and territorial integrity of the nation. Peace and security go hand in hand with social and economic progress and depend upon one another.” More...

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