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India world's No. 1 arms importer - SRK - 03-15-2011

NEW DELHI: India has emerged as the largest arms importer in the world, overtaking even China, claims a report by a Swedish think-tank.

The Stockholm International Peace Research Institute (Sipri), in its report to be released on Monday, said India accounted for 9% of all international arms imports between 2006-2010, making it the world`s largest weapons importer.

China was relegated to second place, notching 6% of global arms imports, Siemon Wezeman of Sipri told international news agencies. The US remains the largest arms exporter, followed by Russia and Germany, as per the report.

This is not the first time that India has topped such an international list. As reported by TOI earlier, US Congressional Research Service's reports on conventional arms transfers placed India right at the top in 2004 and 2005, with agreements worth $5.7 billion and $5.4 billion respectively.

China, however, hides more than what it reveals. Beijing`s military expenditure figures as well as its acquisition of advanced weapon systems and platforms remain shrouded behind a thick iron curtain, which global monitors cannot penetrate easily.

Unlike India, China has rapidly built a robust domestic defence-industrial base (DIB) over the last couple of decades, which often also revels in reverse-engineering top-of-the-line weapon systems developed by other countries.

Read More - http://timesofindia.indiatimes.com/india/India-worlds-No-1-arms-importer/articleshow/7697182.cms