According the latest data released by Stockholm International peace Research Institute on international arms transfer on Monday declared India as the largest arms importer in the world after Saudi Arabia.
The statistical data on arms transfer “relates to the actual deliveries of major conventional weapons.”
However, the recent report as mentioned above does not include the defence deals the deliveries of which are not yet arrived in India.
Recently, India have recently signed deals for various defence weapons some of which includes 36 Rafale fighter jets from France worth ₹59,000 crores and Five squadron of S-400 Triumf surface-to-missile-system from Russia, Costing around ₹40,000 crores.
Rafale, as per the deal, will be arriving between Nov 2019 – April 2022 whereas S-400 squadrons will be delivered between Oct 2020 – April 2023.
India’s total share in the global total is 9.5 % which is the second largest in the world. The highest share is of Saudi Arabia contributing a share of some 12%.
After India, the contribution from Egypt is around 5.1% followed by Australia (4.6%), Algeria (4.4%), China (4.2%), UAE (3.7%), Iraq (3.7%), South Korea (3%), Vietnam (2.9%) and at last Pakistan (2.7%).
It is the whole range of countries contributing to the global share.
India have signed deals with Russia and France recently. Infact the major Defence deals which India does are majorly with three countries namely Russia (58%), Israel (15%) and then USA (12%).
As it can be seen from the data that the largest supply of arms to India have been from Russia.