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India surpasses china to become world's biggest arms importer
According to figures, India has surpassed to become the biggest imports of arms from other countries in the world.
India accounted for 10 per cent of global arms sales volumes,
according to a report by the Stockholm International Peace Research
Institute (SIPRI). It showed that India's imports of “major conventional
weapons” from 2007 to
2011 increased 38 per cent. India is likely to spend more than $100 billion on weapons and systems in the next 15 years, according to estimates.
2011 increased 38 per cent. India is likely to spend more than $100 billion on weapons and systems in the next 15 years, according to estimates.
SIPRI also pointed out that India was followed by China and Pakistan
who accounted for 5 per cent of the global arms import each. The report
said that Pakistan received delivery of a large number of combat
aircrafts during this period including 50 JF-17s from China and 30 F-16s
from US.
The report outlined that China, which was the biggest arms imported
fell to the forth place due to the development of its domestic
capabilities in arms building. The country is now the world’s sixth
largest world exporter of weapons behind the US, Russia, Germany, France
and UK.
It appears that China’s arms export are rising but mainly it is
because Pakistan is buying more from the country. However, China has not
achieved major success in any other market.
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