India stands worlds 2nd largest arms importer says SIPRI

India stands worlds 2nd largest arms importer says SIPRI

According to the latest report published by the Stockholm International Peace Research Institute (SIPRI), India was the world’s second largest importer of major arms in 2014–18 and accounted for 9.5% of the global total. Saudi Arabia which holds the long-held tag as largest importer accounted for 12% of the total imports during the period. 

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.

The Russian share in Indian imports is likely to sharply go up for the next five-year period as India signed several deals including S-400 air defence systems, four stealth frigates, AK-203 assault rifles, a second nuclear attack submarine on the lease, and deals for Kamov-226T utility helicopters, Mi-17 helicopters, and short-range air defence systems.