SIPRI Report: India emerges as largest importer of arms

SIPRI Report: India emerges as largest importer of arms

• The Stockholm International Peace Research Institute (SIPRI) has released its latest report on Trends in International Arms Transfer, 2021.
• As per the report, India and Saudi Arabia emerged as the largest importers of arms between 2017-21.
• Both two countries accounted for 11% of all global arms sales.
• Egypt (5.7%), Australia (5.4%) and China (4.8%) were the next three largest importers respectively in the top 5.        
• The report placed India at the top of the list. 85% of India’s overall imports were from three countries - Russia (46%), France (27%), and the USA (12%) were the top three largest exporters of arms to India during the period.

Largest Arms Exporters in 2017-21

• USA, with 39% share, retained its standing as the world’s largest arms exporters during 2017-21.
• Russia (19%), France (11%), China (4.6%) and Germany (4.5%) were among the top 5 largest exporters respectively.
• India was 23rd largest exporter during 2017-21, with a share of just 0.2% of the global exports.

Published date : 16 Mar 2022 05:15PM