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International Business News: France has overtaken Russia on the list of the biggest weapons exporters, a study from the Stockholm International Peace Research Institute has found.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Russia continued as India's main arms supplier, the Stockholm International Peace Research Institute said.
India remains the world's top arms importer, with a 4.7% increase in imports. Russia is its main supplier, while China dominates as Pakistan's main supplier. Japan and South Korea also increased their imports. Saudi Arabia, Qatar, and Egypt are major importers in the Middle East. Concern over China's ambitions drives arms imports in Asia and Oceania.
The latest data on international arms transfers over the past five years come from Sweden-based SIPRI. India is the world's top importer, while the United States, for the first time in 25 years, is Asia’s largest supplier. Driving rearmament, experts explain, is the perception of a Chinese threat (which continues to boost its war production).