India Displaces China as World's Largest Arms Importer
Date: Sunday , April 01, 2012
India has become the world's biggest importer of arms, displacing China by accounting for 10 percent of global arms sales volumes. India's imports of major weapons increased by 38 percent between 2007 and 2011, says a Swedish security think tank.
The Stockholm International Peace Research Institute (SIPRI) in its new report said that India was closely followed by China and Pakistan whose weapons imports constituted five percent each of global sales. Pakistan took delivery of “significant numbers of combat aircrafts during this period from U.S. and China," SIPRI said.
The Swedish think tank said China which had been world's top arms importer in 2006-2007 has now dropped to fourth place, attributing this to improvements in the country's arms industry and its rising arms exports. SIPRI said China is now world's sixth largest world exporter of weapons behind the U.S., Russia, Germany, France and UK.
But the volume of China's arms export is increasing largely as a result of Pakistan importing more arms from China. Beijing has not achieved a major breakthrough in any other significant market," the report said.