Arms import sees 24% drop, thanks to Modi’s Make in India

Arms import sees 24% drop, thanks to Modi’s Make in India

Arms import sees 24% drop, thanks to Modi’s Make in India

Washington, Mar 11:
Russia’s arms export to India fell by a whopping 42 per cent between 2014-18 and 2009-2013, according to a new report.
As a result, Russia accounted for 58 per cent of total Indian arms imports in 2014-2018, compared with 76 per cent in 2009-2013, according to the report “Trends in International Arms Transfers, 2018” released by the Stockholm International Peace Research Institute (SIPRI).
In line with Prime Minister Narendra Modi’s effort to reduce country’s dependence on foreign arms, India’s import of arms decreased by 24 per cent between 2009-2013 and 2014-2018, according to the figures released by the report.
Still, India was the world’s second largest importer of major arms in 2014-18 and accounted for 9.5 per cent of the global total.
Israel, the USA and France all increased their arms exports to India in 2014-18.
The decrease in India’s arms import is significant given that the volume of international transfers of major arms in 2014-18 was 7.8 per cent higher than in 2009-13 and 23 per cent higher than in 2004-2008. The five largest exporters in 2014-18 were the United States, Russia, France, Germany and China. The five largest importers were Saudi Arabia, India, Egypt, Australia and Algeria. Russian exports of major arms decreased by 17 per cent between the same periods. “Although India remained the chief recipient of Russian arms in 2014-18, Russian arms exports to India fell by 42 per cent between 2014-18 and 2009-13.

Ranjini Trinitymirror

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