March 14, 2023
2 mins read

India remains world’s top arms importer

It said France’s arms exports increased by 44 per cent between 2013-17 and 2018-22 and most of these exports were to countries in Asia and Oceania and the Middle East…reports Asian Lite News

India remained the world’s top arms importer, but its imports declined by 11 per cent between 2013-17 and 2018-22, according to a report released on Monday by Stockholm-based defence think-tank SIPRI.

The decline was linked to a complex procurement process, efforts to diversify arms suppliers and attempts to replace imports with local designs, the report said.

The Stockholm International Peace Research Institute (SIPRI) said 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.

The imports by Pakistan, the world’s eighth-largest arms importer during 2018-22, increased by 14 per cent, with China as its main supplier, the report said.

It said France’s arms exports increased by 44 per cent between 2013-17 and 2018-22 and most of these exports were to countries in Asia and Oceania and the Middle East.

The report said India received 30 per cent of France’s arms exports during 2018-22 and France displaced the US as the second-largest supplier of arms to India after Russia.

“France is gaining a bigger share of the global arms market as Russian arms exports decline, as seen in India for example,” said Pieter D Wezeman, senior researcher with the SIPRI Arms Transfers Programme.

“This seems likely to continue as by the end of 2022, France had far more outstanding orders for arms exports than Russia,” he said.

The report compared two five-year periods and noted that Russian arms supplies to India are declining.

It said the United States’ share of global arms exports increased from 33 to 40 per cent, while Russia’s fell from 22 to 16 per cent.

“Even as arms transfers have declined globally, those to Europe have risen sharply due to the tensions between Russia and most other European states,” said Wezeman.

“Following Russia’s invasion of Ukraine, European states want to import more arms, faster. Strategic competition also continues elsewhere: arms imports to East Asia have increased and those to the Middle East remain at a high level,” he added.

The report said three of the top 10 importers during 2018-22 were in the Middle East — Saudi Arabia, Qatar and Egypt.

Saudi Arabia was the world’s second-largest arms importer during 2018-22 and received 9.6 per cent of all arms imports in the period, it said.

Qatar’s arms imports increased by 311 per cent between 2013-17 and 2018-22, making it the world’s third-biggest arms importer during 2018-22, it added.

ALSO READ-UK backs India for permanent UNSC seat

Previous Story

US must treat India’s G20 presidency as wake-up for its future

Next Story

23 out of 55 defence research body projects missed deadlines

Previous Story

US must treat India’s G20 presidency as wake-up for its future

Next Story

23 out of 55 defence research body projects missed deadlines

Latest from -Top News

Price of overdependence on China: Dhaka’s hesitation to join Pax Silica Initiative

Bangladesh must also consider the US, its largest export market, which imports over $9 billion worth of its products. A major digital deal with China could strain ties with Washington and potentially affect trade….writes Dr SaKariya Kareem The hesitation is natural on the part of Dhaka as China is the largest source of imported goods of Bangladesh, accounting for over 30 percent of total imports..reports

Nepal floods: UNICEF warns of another Himalayan disaster

Six weeks after Nepal’s devastating floods killed at least 1,400 people, communities are struggling to recover, with nearly 5,300 people still missing…reports Asian Lite News Desk Six weeks after devastating floods struck Nepal, communities are still struggling to rebuild their lives, with thousands of people missing and families facing disrupted livelihoods, damaged infrastructure

Riyadh airport attack: Bangladesh condemns Houthi strike

Bangladesh has condemned the 10 October attack on Riyadh’s King Khalid International Airport, which reportedly killed two Bangladeshi nationals and injured several others…reports Asian Lite News Desk Bangladesh has condemned a Houthi attack on King Khalid International Airport in Riyadh, Saudi Arabia, on 10 October 2026, which reportedly killed two Bangladeshi nationals and left

Nepal’s Budhi Gandaki River floods devastate villages

Dozens of houses and bridges were swept away by flooding in Nepal’s Budhi Gandaki River in Gorkha district….reports Asian Lite News Desk Flash flooding in Nepal’s Budhi Gandaki River has swept away dozens of houses, bridges and other infrastructure in the western district of Gorkha. No casualties had been

From Los Angeles to Texas, Indian Americans Seek Political Firsts

Candidates across five US states are seeking historic breakthroughs, from a potential first Indian-American mayor of Los Angeles to a first Hindu member of the Texas Legislature….reports Asian Lite News Desk Indian-American candidates are seeking historic breakthroughs in the November 3 elections, with contests spanning Los Angeles, Texas, Georgia, New York and Maryland. From Los Angeles City Council member Nithya Raman’s bid to become the city’s first Indian-American mayor to Pooja Sethi’s campaign for a seat in the Texas Legislature, several candidates are pursuing milestones in American political representation.
Go toTop

Don't Miss

Cultural Start to US VP Vance’s India Tour

His arrival represents a major diplomatic engagement and the first

Indian startups pin hopes on Budget 2022-23

In last year’s Budget, Finance Minister Nirmala Sitharaman had announced