CURRENT AFFAIRS

Detailed explanation-1: -Explanation: USA, with 39% share, retained its standing as the world’s largest arms exporters during 2017-21. Russia (19%), France (11%), China (4.6%) and Germany (4.5%) were among the top 5 largest exporters respectively.

Detailed explanation-2: -Suppliers of major arms However, the USA’s arms exports were 108 per cent higher than Russia’s in 2017–21, compared with 34 per cent higher in 2012–16, and the gap is likely to increase. In 2017–21 the USA’s arms exports accounted for 39 per cent of the global total and were 14 per cent higher than in 2012–16.

Detailed explanation-3: -The United States had a market share of 39 percent in international arms exports between 2017 and 2021. The second largest supplier of major weapons worldwide was Russia, accounting for 19 percent of exports over the observed period.

Detailed explanation-4: -It revealed that India had emerged as the largest arms importer of arms between 2017-21, accounting for 11% of all global arms sales. Egypt, Australia, and China were the next 3 largest importers with respective shares of 5.7%, 5.4% and 4.8%.

Detailed explanation-5: -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.