Tuesday, March 20, 2012

India displaces China as world’s largest arms importer

India is the world’s largest recipient of arms while South Korea is second and Pakistan and China are third in the list, reveals data on international arms transfers published by the Stockholm International Peace Research Institute (SIPRI).
The volume of worldwide arms transfers in 2007-11 was 24 percent higher than in 2002-06 and the five largest arms importers in 2007-11 were all Asian states, said a press communique.
India‘s neighbourChinawas the largest recipient of arms exports in 2002-06, but it fell to fourth place in 2007-11. Between 2002-06 and 2007-11, the volume of Chinese arms exports increased by 95 percent and nowChinaranks as the sixth largest supplier of arms in the world.

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