SIPRI Releases Trends in International Arms Transfers 2024
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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BEFORE: India was frequently the world's absolute largest arms importer. NOW: India is the second-largest importer globally for the 2020-2024 period, ranking just behind Ukraine due to the latter's wartime acquisitions.
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BEFORE: Russia dominated India's defense imports with a market share often exceeding half of all acquisitions (e.g., over 60 percent in 2013-2017). NOW: Russia's share of Indian arms imports has fallen to 38 percent, indicating a significant drop in dependency.
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BEFORE: India's defense supplier base was highly concentrated on a single historic partner. NOW: India has actively diversified its procurement, elevating suppliers like France to a much higher share of its overall defense imports.
Prelims Angle
NCERT Connection
Practice Questions
Q1
Correct Statement(s)Which of the following statements is/are correct regarding the SIPRI Trends in International Arms Transfers report covering 2020-2024? 1. India ranked as the world's largest arms importer during this period. 2. Russia's share of India's total arms imports fell below 40 percent.