CURRENT AFFAIRS

Detailed explanation-1: -According to the report, India is the largest importer of arms globally and in 2017-21, India accounted for 11% of global arms imports. Both 2012-16 and 2017-21 Russia was the largest supplier of arms to India. However, between these two periods, the volume of imports by India from Russia reduced by 47%.

Detailed explanation-2: -Market share of major arms imports by the largest importers 2017-2021. The largest importers of major arms between 2017 and 2021 were India and Saudi Arabia, accounting for 11 percent of the global market respectively. Egypt followed with 5.7 percent of the market share.

Detailed explanation-3: -The five largest arms importers were India, Saudi Arabia, Egypt, Australia and China.

Detailed explanation-4: -The report placed India at the top of the list. 85% of India’s overall imports were from three countries. Russia (46%), France (27%), and the USA (12%) were the top three largest exporters of arms to India during the period.

Detailed explanation-5: -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.