India Top Arms Importer (2011-2012)
India has topped a rating of the world’s largest heavy arms importers, released by the independent Stockholm International Peace Research institute (SIPRI), researching into conflicts, arms control and disarmament.
India is the world’s largest recipient of arms while South Korea is second and Pakistan and China are tied in third place.
According to the report, India accounted for 10 per cent to global arms imports between 2007 and 2011. Among the most significant contracts signed by India is the purchase of 120 Russian Su-300MK (Rising to 271) multirole combat aircraft, 29 Mig-29Ks and 20 British Jaguar fighters.
The top five arms importers include states in Asia and Oceania; India, South Korea , Pakistan, china and Singapore, which account for 30 per cent of all imports of major conventional weapons between 2007 and 2011.
The United States and Russia were named the key arms suppliers that accounted for 30 and 24 percent of all exports respectively.