CURRENT AFFAIRS

Detailed explanation-1: -The Stockholm International Peace Research Institute (SIPRI) has released its latest report on Trends in International Arms Transfer, 2021.

Detailed explanation-2: -India is amongst the world’s largest arms importers, accounting for 11 per cent of global imports, according to the Stockholm International Peace Research Institute (SIPRI). Border issues between China and many states in Asia and Ocenia are the main contributors to these imports.

Detailed explanation-3: -India has major plans for arms imports because of perceived threats from China and Pakistan, and due to significant delays in indigenous production. The drop in India’s arms imports is, therefore, probably a temporary result of its slow and complex procurement process as well as its shift in suppliers.

Detailed explanation-4: -The five largest arms importers were India, Saudi Arabia, Egypt, Australia and China.