Monday, March 19, 2012

India displaces China as world's largest arms importer...

Thanks to its aggressive shopping in international arms bazaars and very limited indigenous supplies, India was the world's largest arms importer between 2007 and 2011, according to the latest data from the Stockholm International Peace Research Institute (SIPRI).

India accounted for 10% of global arms imports in 2007-11, SIPRI said on Monday. The four next largest recipients of arms in the same period were South Korea (6% of arms transfers), Pakistan (5%), China (5%) and Singapore (4%).

 The figures were not surprising given India's huge reliance on imports, at about 70% of its total defence requirements. Since the Kargil conflict of 1999, India has been steadily buying up arms and ammunition from foreign suppliers, and has consistently been among the top defence importers of the world. Full story...

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