Business Standard

Sunday, December 22, 2024 | 12:47 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Statsguru: Six charts explain India's arms import dependence

The problematic issue, though, is India's paltry share in the world's exports

airforce
Premium

Despite being a high military spender, India only accounted for 0.2 per cent of the world’s arms exports

Ishaan Gera
The ongoing war between Russia and Ukraine has brought military spending and arms purchases to the forefront. While the US has imposed sanctions on Russia, it is also threatening to impose sanctions on countries that do business with Russia. If such provisions — Countering America’s Adversaries Through Sanctions Act — are imposed, it would hinder India’s ability to make further military purchases from Russia. At present, India is one of the largest military spenders in the world, after the US and China. Data from Stockholm International Peace Research Institute (SIPRI) shows that between 2016-20, India spent $331.8 billion on military,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in