India: Diversifying Arms Purchases
India needs to diversify its arms imports. Although it is one of the world’s largest arms importers, most of India’s weapons come from Russia. Over the last five years, according to the Stockholm International Peace Research Institute (SIPRI), Russia accounted for about $15 billion of the $20 billion in arms that India imported, or about three-quarters. That level of dependence is unhealthy: One of the reasons why India bought the Jaguar Bomber from a European consortium in the 1970s was the concern that India was becoming dependent o…
India set to overtake Britain's defence budget by 2017: Report
India looks set to spend more on its defence budget than cash-strapped Britain within four years' time, according to a new report published on Wednesday. International defence analysis firm IHS Jane's says that Britain's military budget is set to be outstripped by its former colony by 2017, as the country drops to sixth place from fourth in terms of global military spending. The UK will fall behind Russia in 2013 and slip further and come neck-and-neck with India by 2016. "The reality is that our armed forces' a…
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