India is world’s second-largest arms importer

Why in news?

• 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.
• The latest report published by the Stockholm International Peace Research Institute (SIPRI).
• However, 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, the report stated.

Major Highlights: –

• 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 go up sharply during the next five-year period as India signed several big-ticket deals recently, and more are in the pipeline.
• These include S-400 air defence systems, four stealth frigates, AK-203 assault rifles, a second nuclear attack submarine on lease, and deals for Kamov-226T utility helicopters, Mi-17 helicopters and short-range air defence systems.
• The report noted that despite the long-standing conflict between India and Pakistan, arms imports decreased for both countries in 2014-18 compared with 2009-13.

Pakistan at 11^th: –

• 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%.

Major Exporters: –

• The five largest exporters in 2014-18 were the United States, Russia, France, Germany and China, which together accounted 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.

(National)(The hindu)

Pic courtesy:The Hindu