India second largest arms purchaser after Saudi Arabia
Posted on:29 Dec 2016 09:44:15
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29 December 2016 Current Affairs: As per the report of ‘Conventional Arms Transfers to Developing Nations 2008-2015′ released by Congressional Research Service (CRS), India has emerged as the second largest purchaser of arms among developing nations after Saudi Arabia.
According to the report, between 2008 and 2015, India purchased defence equipment worth $34 billion while in the same period, Saudi Arabia’s purchase was worth $93.5 billion.
The report highlights the recent Indian efforts to diversify its procurement of arms, of which the US has been a major beneficiary. India is planning for continuous modernisation plan for its defence forces.
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