"Wednesday Special":India surpasses china to become world's biggest arms importer

According to figures, India has surpassed to become the biggest imports of arms from other countries in the world.

India accounted for 10 per cent of global arms sales volumes, according to a report by the Stockholm International Peace Research Institute (SIPRI). It showed that India's imports of “major conventional weapons” from 2007 to 2011 increased 38 per cent. India is likely to spend more than $100 billion on weapons and systems in the next 15 years, according to estimates. SIPRI also pointed out that India was followed by China and Pakistan who accounted for 5 per cent of the global arms import each. The report said that Pakistan received delivery of a large number of combat aircrafts during this period including 50 JF-17s from China and 30 F-16s from US. The report outlined that China, which was the biggest arms imported fell to the forth place due to the development of its domestic capabilities in arms building. The country is now the world’s sixth largest world exporter of weapons behind the US, Russia, Germany, France and UK. It appears that China’s arms export are rising but mainly it is because Pakistan is buying more from the country. However, China has not achieved major success in any other market. Source:topnews.in