A new data on international arms transfers released on 17 March 2014 said that India’s import of weapon systems is three times more than Pakistan and China. The report published by as Swedish Think Tank, Stockholm International Peace Research Institute (SIPRI) has claimed that India continues to be the largest buyer of arms in the world.
The new data has ranked China and Pakistan second and third respectively as the largest arms importer. China was replaced as the world’s biggest arms buyer by India in 2010. Overall, the volume of international transfers of major conventional weapons grew by 14 percent between 2004–08 and 2009–13.
Findings of the data released by the think tank
• Between 2004 and 2008, the imports of major weapons by India rose by 111 percent
• India’s share in the volume of international arms import between 2009 and 2013 increased from 7 to 14 percent
• Between 2009 and 2013, Russia was ranked as the major supplier of arms to India accounting for 75 percent of imports
• It claims that the United States with 7 percent imports to India from 2009-13 for the first time became the second largest arms supplier for India and in the same time, Pakistani imports of arms from US was 27 percent
• China has played an important role in imports of arms for Pakistan with its share of 54 percent and 82 percent in the case of imports in Bangladesh
According SIPRI release, the five largest arms suppliers worldwide between 2009 and 2013, who collectively accounts for 74 percent of total arms exports were:
• United States with 29 percent of global exports
• Russia with 27 percent of global exports
• Germany with 7 percent of global exports
• China with 6 percent of global exports
• France with 5 percent of global exports
The USA and Russia together accounted for 56 per cent of the volume of arms exports.