Stockholm International Peace Research Institute (SIPRI) Report:
India emerged as the world’s top arms importer for the period 2019-23, with a 4.7% increase compared to 2014-18, as per the Stockholm International Peace Research Institute (SIPRI)
Key findings:
- The USA is the largest arms exporter > France, for the first time, was the second biggest arms exporter> Russia
- The U.S. increased its arms exports by 17%, while Russia’s exports fell by over half.
- India was the world’s top arms importer: Russia remained India’s main arms supplier (accounting for 36% of its arms imports).
- However, its share decreased to less than 50% for the first time in 6 decades.
- Ukraine emerged as the largest European arms importer in 2019–23.
- Nine of the top 10 arms importers were in Asia and the Middle East.
The Stockholm International Peace Research Institute (SIPRI) :
- It is founded in 1966; HQ: Solna (Sweden),is an Independent international institute and global think tank, that provides data, analysis, and recommendations on armed conflict, military spending, arms trade, disarmament, and arms control. Its research, based on open sources, targets decision-makers, researchers, media, and the public, aiming to foster an understanding of conditions for peaceful conflict resolution and sustainable peace.
