Categories: Ranks & Reports

India’s arms imports down by 33%, says Sipri report

India’s arms imports fell 33% between 2011-15 and 2016-20, said a report released by the Stockholm International Peace Research Institute (Sipri). The report on international arms transfers attributed the drop in India’s arms imports mainly to an attempt to reduce its dependence on Russian arms and complex procurement processes. Russia was the most affected supplier, although India’s imports of US arms also fell by 46%.

India’s top three arms suppliers during 2016-20 were Russia (accounting for 49% of India’s imports), France (18%) and Israel (13%), the report. Myanmar, Sri Lanka and Mauritius were the top recipients of Indian military hardware, the report.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

According to Sipri, India accounted for 0.2% of the share of global arms exports during 2016-20, making the country the world’s 24th largest exporter of major arms. This represents an increase of 228% over India’s export share of 0.1 % during the previous five-year period of 2011-15.

Important takeaways for all competitive exams: 

  • Sipri Headquarters: Oslo, Norway.
  • Sipri Founded: 6 May 1966.
  • Sipri Director: Dan Smith.
Sumit Arora

Recent Posts

Nicknames of States of United States

From the sprawling plains of the Midwest to the sun-kissed shores of the Pacific, the…

16 hours ago

Veteran Politician and Former Union Minister V. Srinivas Prasad Passes Away at 76

The Indian political landscape has lost a seasoned leader with the passing of V. Srinivas…

17 hours ago

India to Host 2025 BWF World Junior Badminton Championships in Guwahati

The Badminton World Federation (BWF) has announced that India will host the prestigious 2025 BWF…

17 hours ago

Top-10 Most Liberal Cities in United States 2024

In the mosaic of American cities, certain urban centers stand out as bastions of liberal…

18 hours ago

ICICI Bank Joins India’s Top 5 Companies with Market Cap Surpassing Rs 8 Trillion

In a remarkable achievement, ICICI Bank has etched its name among India's top five companies…

18 hours ago

RBI Announces 8% Interest on Floating Rate Bond 2034: All You Need to Know

The Government of India has introduced a Floating Rate Bond (FRB) maturing in 2034, with…

19 hours ago