Tag: SIPRI REPORT ON GLOBAL ARMS TRADE (2020-24)

India’s share of global arms imports fell to 8.3% (2020-24). India is the 2nd-largest arms importer after Ukraine. SIPRI (Stockholm International Peace Research Institute) report highlights global arms trade trends. Key Findings of the Report India’s Arms Trade Trends India's arms imports declined by 9.3% (compared to 2015-19). Russia remains India’s top supplier, but its share fell from 72% (2010-14) to 36% (2020-24). France emerged as India’s second-largest supplier (28% of France’s exports went to India). Arms Trade in India’s Neighborhood Pakistan’s arms imports increased by 61%. China supplied 81% of Pakistan’s arms. China dropped out of the top 10 arms importers for the first time since 1990-94. China’s imports declined by 64%, reflecting its stronger domestic defense industry. Global Arms Trade Trends Asia & Oceania: India, Pakistan, Japan, and Australia were among the top 10 arms importers (2020-24). United States: Largest arms exporter. Supplied weapons to Ukraine, NATO allies, and Asia-Pacific nations. Europe: Arms imports surged by 155% (post-Russia’s invasion of Ukraine). France overtook Russia as the 2nd-largest arms exporter (India was the top buyer). Ukraine’s arms imports increased 100-fold, making it the world’s largest arms importer (8.8% of global imports). Russia: Arms exports fell by 64% (Western sanctions & production issues). India (38%), China (17%), Kazakhstan (11%) were Russia’s top buyers. Middle East: Arms imports declined by 20%, but Qatar became the 3rd-largest arms importer globally. Global Arms Transfers: Stable compared to 2015-19 and 2010-14. 18% higher than 2005-09, driven by rising imports in Europe & Americas. India’s Initiatives to Reduce Arms Imports Budget & Policy Measures ₹6.21 lakh crore allocated for defence (Budget 2024-25). 75% of capital procurement reserved for domestic manufacturers. SRIJAN Portal launched to promote Indian vendors in defence procurement. Indigenization & Production Growth India’s defence production reached ₹1.27 lakh crore (2023-24) – 174% rise from 2014-15. Top destinations for India’s defence exports (2023-24): S., France, Armenia. Five Positive Indigenization Lists released to ban imports of selected defence items. Strategic Reforms & Industrial Development Defence Acquisition Procedure (DAP) 2020: Prioritizes domestic procurement. Introduced "Buy (Indian-IDDM)" category for locally designed, developed, and manufactured products. Encourages private-sector participation through Make-I & Make-II projects. Defence Industrial Corridors (DICs): Established in Uttar Pradesh & Tamil Nadu to boost domestic manufacturing. Private Sector & FDI: 74% FDI under the Automatic Route. 100% FDI allowed under the Government Route. Private sector contributes 21% of India’s total defence production. Key Public Sector & R&D Initiatives Defence Public Sector Units (DPSUs): 16 DPSUs, including HAL, BEL, Mazagon Dock Shipbuilders. Major projects: INS Vikrant (India’s first indigenous aircraft carrier). LCA Tejas (Advanced fighter jet developed by HAL). iDEX (Innovations for Defence Excellence): Promotes startups & MSMEs in military technology. Future Targets: ₹1.75 lakh crore defence production by 2025. ₹3 lakh crore defence production by 2029. India is reducing arms imports through strong domestic initiatives. Growing self-reliance in defence aligns with Atmanirbhar Bharat vision. Strategic partnerships with France, U.S., and domestic industry growth will enhance India’s global defence standing.

Tag: SIPRI REPORT ON GLOBAL ARMS TRADE (2020-24)

SIPRI REPORT ON GLOBAL ARMS TRADE (2020-24)

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