India second largest importer of arms: USA, Israel and Russia the top three suppliers: SIPRI

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Image: The FireWoods

The report of Stockholm International Peace Research Institute (SIPRI) is published for details of arms trade in 2018 which features Saudi Arabia as the largest arms importer followed by India whose total share of global imports decreased from 13% in 2009-2013 to 9.5 % in 2014-2018. However, in spite of a decrease in expenditure, the Indian military is now better equipped than ever before to tackle any border security threat.

The top 10 nations according to the expenditure on military as a percent of their GDP is as follows:

No.CountryExpenditure on Military (in Billions)% of GDP
1.USA$649 3.2
2.China$2501.8
3.Saudi Arabia$67.68.8
4.India$66.52.4
5.France$63.82.3
6.Russia$61.43.9
7.United Kingdom$502.7
8.Germany$49.51.2
9.Japan$46.60.9
10.South Korea$43.1
2.6

A key aspect of India’s outstanding diplomacy is the top suppliers consists of USA and Russia which are mutual rivals to each other and Israel with which India recently bonded on many new dimensions when Prime Minister Narendra Modi visited Israel in 2017, the first Indian Prime minister to make this gesture.

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