India tops list of largest weapons importing countries in the world
India has once again topped the list of the largest weapons importing countries in the world.india Updated: Feb 23, 2016 08:45 IST
India has once again topped the list of the largest weapons importing countries in the world, accounting for 14% of global imports, a prominent Stockholm-based think-tank said on Monday.
China and Pakistan rank second and fourth with their imports accounting for 4.7% and 3.3% of the global figure during 2011-15, according to the latest report of Stockholm International Peace Research Institute (SIPRI).
To get rid of the tag of the world’s biggest importer, India is betting on its Make in India plan in the defence sector. India’s imports have increased by 90% between 2006-10 and 2011-15, the report said.
“A major reason for the high level of imports is that India’s arms industry has so far largely failed to produce competitive indigenously-designed weapons,” the report said. Russia was the top supplier to India during the five-year period accounting for 70% of the country’s imports.
The SIPRI said China had shown significant capability to produce its own advanced weapons and cut its dependence on arms imports, which decreased by 25% between 2006–10
First Published: Feb 23, 2016 08:31 IST