China, the third largest arms exporter and importer, sold most of its weapons to Pakistan, Bangladesh and Myanmar, says according to the Stockholm International Peace Research Institute report on global arms purchases.
India remains the world’s largest weapons importer over a five-year period according to latest report of the Stockholm International Peace Research Institute (SIPRI) on global arms purchases released on Monday. The report also says that China sold most of its weapons to India’s neighbours.India accounted for 14 per cent of total imports between 2011 and 2015. China ranks second with 4.7 per cent, Australia (3.6 per cent), Pakistan (3.3 per cent), Vietnam (2.9 per cent) and South Korea (2.6 per cent) the report titled “Trends in international arms transfers-2015” said.
However on an annual basis India ceded its top spot to Saudi Arabia in 2015 which is reflective of the turmoil in the West Asia.While Pakistan remains the main recipient of Chinese weapons accounting for 35 per cent, a growing trend for India to watch out for is that Pakistan is followed by Bangladesh and Myanmar, accounting for 20 and 16 per cent respectively, all three being neighbors of India.
India merely extended its top run from 2006-2010 period. The top five exporters in the period were U.S., Russia, China, France and Germany.The report noted that a major reason for the high level of Indian imports is because India’s arms industry has so far largely failed to produce competitive endogenously designed weapons.