India is still the world’s largest importer of military equipment, despite an 11% decline in arms purchases between 2013–17 and 2018–22, according to a study by the Stockholm International Peace Research Institute (Sipri). The report is released at a time when India has intensified its efforts to become self-reliant in the defence manufacturing sector. This year’s defence budget included about Rs 1 lakh crore for domestic purchases, compared to Rs 84,598 crore, Rs 70,221 crore, and Rs 51,000 crore in the three years prior.
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