US overtakes all to become India's largest defence supplier

Stunning new figures on Indian defence imports by Defence Minister Arun Jaitley in Parliament on Tuesday have revealed that for the first time, the United States has overtaken all competitors to become India's largest defence supplier in the past three financial years. The statistics revealed by Jaitley, who holds dual charge of defence and finance ministries, show that almost 40 per cent of the money spent by India on defence imports in the past three years have gone to the Americans, followed by the Russians (30 per cent) and th…