As per the report published by Stockholm International Peace Research Institute (SIPRI) India accounted for 9.5% of entire import of global arms trade in the period of 2014-18. Saudi Arabia emerged as the largest importer of arms which accounted for 12% of the total import during the similar period. It is astonishing to report that Indian import of arms have decreased by 24% between 2009-13 and 2014-18, due to delay in deliveries of arms from France (submarines) in 2008 and Russia (combat aircraft) in 2001. Imports from Russia dropped down to 58% in 2014-18 in comparison to that of 2009-13 where it accounted for 76%. The benefited parties where thus, Israel, USA and France. But Russia is likely to increase its share in next few years as many projects are in pipeline and big deals are to be inked. Most recent one is the AK-203 assault rifle factory that was inaugurated in Amethi. Other projects include: S-400 air defence systems, four stealth frigates, a second nuclear attack submarine on lease, and deals for Kamov-226T utility helicopters, Mi-17 helicopters and short-range air defence systems. With 2.7% of all global arm import Pakistan stood at 11 th position, and with no surprise China being its supplier accounting for 70% of its arms source. Volume of International Transfer of Major Arms was 7.8% higher in 2014-18 when compared to 2009-13 and 23% higher in comparison to 2004-08. USA, Russia, France, Germany and China being the five largest exporters in 2014-18 accounting for 75% of total arms export globally. Russian exports of major arms decreased by 17% between 2009-13 and 2014-18, this was due to general reductions in Indian and Venezuelan arms imports, which have been among the main recipients of Russian arms exports in previous years.
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