India emerges as world's largest importer of arms, Pakistan's import goes down

  • India emerges as world's largest importer of arms, Pakistan's import goes down

India emerges as world's largest importer of arms, Pakistan's import goes down

And the Middle East accounted for 32 percent of all arms imports worldwide.

The study by the Stockholm International Peace Research Institute (SIPRI), which examined the volume of international transfers of major weapons between 2008 and 2017, showed China's arms exports represented 5.7 per cent of the world's share of arms exports between 2013-17 - up by more than a third from the 4.6 per cent recorded between 2008-12.

The report spotlights India's floundering attempts to make firearms in India.

India's imports increased by 24% between 2008-12 and 2013-17, according to the report and majority of the firearms were sourced from India's long-time supplier Russian Federation, which accounted for 62 per cent of India's arms imports in 2013-17.

Last year, the government even scrapped the Foreign Investment Promotion Board (FIPB) that scrutinized foreign investment proposals in its desperate attempt to cut red tape and facilitate ease of doing business.

The United States cemented its position as the world's top arms exporter during the five-year period ending 2017, selling about a third of the world's weapons.

"China was the largest arms supplier to Pakistan in 2008-12 and 2013-17".

According to Siemon Wezeman, a senior researcher with the SIPRI Arms and Military Expenditure Programme, the tension in recent past with both Pakistan and China have led to the increase in growing demands of weapon, which India does not produce itself.

Beijing is the dominant weapons exporter to Pakistan, Myanmar and Bangladesh, says Stockholm institute report.

Surprisingly, India's long-time foe has slashed its imports despite its tensions with India and internal conflicts.

The flow of arms to the Middle East and Asia and Oceania increased between 2008-12 and 2013-17, while there was a decrease in the flow to the Americas, Africa and Europe.

The US remained the biggest arms seller, accounting for 34 per cent of global arms exports.

SIPRI data reflects the volume of deliveries of arms, not the financial value of the deals. While it was the world's fifth largest arms importer in 2013-17, China has also emerged as the fifth largest arms exporter, with exportsrising by 38% between 2008-12 and 2013-17.

In 2013-17, Saudi Arabia was the world's second largest arms importer, behind India, with arms imports increasing by 225 percent. India's arms imports from the USA saw a more than six-fold jump.

In 2017 it delivered one patrol ship, the USS Morgenthau, to Vietnam - the first major United States arms transfer to that country.

It said Tokyo turned to the U.S. for several types of advanced weapons between 2013 and 2017, including the first batches of a total of 42 combat aircraft.

"Deliveries to Algeria and China, for example, continued throughout 2013-17 but were at lower levels than the previous five-year period", it added. Dhaka procured 71% of its arms from China over the five-year period, and Myanmar 68%.

Extending its lead as the world's biggest arms exporter, the US accounted for 34% of total arms exports.