20 Mar '17, 12pm

India will soon surpass the UK to become the World's 3rd biggest defence spender

India will soon surpass the UK to become the World's 3rd biggest defence spender

India’s large defense budget and the country’s vast unmet weapons needs guarantee that India will remain an important arms buyer for years to come. India will soon surpass the United Kingdom to become the world’s third biggest defense spender, after the United States and China. Last month, Defense Minister Manohar Parrikar said that India will purchase some four hundred military aircraft in the next three-four decades. Per the Stockholm International Peace Research Institute (SIPRI), Russia supplied 68 per cent of India’s imported arms during the 2012-2016 period. The United States lagged considerably behind, providing only 14 percent of India’s imported weapons, with Israel occupying third place at 7 percent. India is also the largest foreign purchaser of Russian weapons, buying some 38 per cent of Russian defense exports. At the end of 2016, India’s defense orders from R...

Full article: http://www.defencenews.in/article.aspx?id=251072

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