U.S. overtakes Russia as India's biggest arms supplier

For nearly four decades, Russia has been traditionally India's largest arms supplier by a comfortable margin. Last year, the US overtook Russia to grab that spot. India alone buys 10% of the arms produced around the world. According to the defence and security analysis group, IHS Jane's, India has also supplanted Saudi Arabia as the world's biggest buyer of American weaponry. In 2013, India imported $1.9 billion worth of US equipment, including the C-17 Globemaster III and the P-8I multi-mission aircraft. Defence equipment…