SIPRI: According to a published report of global arms trade, SIPRI had ranked India as the top arms exporter of the world with Russia being the prime source of its procurement with decreasing shares of trade between them. As per the reports, India accounted for 9.8 per cent of the total global arms imports during the 2019-2023 period where the country’s arms imports increased by 4.7 per cent between 2014-18 and 2019-23, despite the government’s ongoing efforts to boost domestic defence manufacturing and procurement. The five largest arms importers in the world during 2018-22 were India, Saudi Arabia, Qatar, Australia, and China. The five largest arms exporters were the United States, Russia, France, China, and Germany.
Stockholm International Peace Research Institute (SIPRI) Report
Stockholm International Peace Research Institute (SIPRI) Report: in details
As per the reported arms trade, in the context of the ongoing Russia-Ukraine conflict, Russian shares in Indian arms exports are gradually falling, where the report counts for 36 per cent of India’s total arms imports, where its shares fell below the 50 per cent mark since 1960-64 where India had deviated its sales towards other countries mainly to India turns to France and the United States for military hardware and other requirement. As per reports, the French contributed to 33 per cent of India’s total arms imports, while the United States accounts for 13 per cent which is evident from facts India’s recent acquisition of 31 armed MQ-9B Sky Guardian drones from the US for $3.9 billion and 26 Rafale-M fighters from France for $6 billion, where it increased their shares in India exports of arms amidst the Dhoklam issues. Despite these facts, the world’s top arms importers, India’s imports declined by 11 per cent between 2013-17 and 2018-22, due to the increasingly complex procurement process, diversification of arms suppliers, and the replacement of imports with local designs.
Who are the largest arms importers in the world during 2018-22?
The five largest arms importers in the world during 2018-22 were India, Saudi Arabia, Qatar, Australia, and China
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