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How India changed preference for arms suppliers in 50 years

How India changed preference for arms suppliers in 50 years India s arms suppliers are changing fast. From traditional arms partners like Russia, India is now fast moving towards new markets such as South Korea, Brazil and South Africa. A report by India Today s DIU team. advertisement UPDATED: March 18, 2021 15:42 IST India’s choice of arms trade partners has changed significantly over time as the country strives to reduce dependence on old partners such as Russia. India spends around 2.3 per cent of its Gross Domestic Product (GDP) on defence and accounts for 15 per cent of the global arms import. The Indian government had planned to spend USD 64.4 billion to equip and modernise the second largest armed forces in the world in the current financial year.

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