India became largest arms importer-a survey says

India reached another milestone — it’s now the world’s largest weapons importer. :) :(

A Swedish think tank that monitors global arms sales has said that India’s weapons imports had overtaken China’s, as the South Asian nation pushes ahead with plans to modernise its military and gain international clout.

According to the report from the Stockholm International Peace Research Institute, India accounted for 9 per cent of all international arms imports in the period from 2006 to 2010, and it is expected to keep the top spot for the foreseeable future.

India’s defence budget for the coming year is Rs. 1.5 trillion ($32.5 billion), a 40 per cent increase from two years before. It imports more than 70 per cent of its arms. :-/