India — Increase in Import of Major Weapons

Author­i­ta­tive infor­ma­tion regard­ing import of major weapons by Chi­na is not avail­able. How­ev­er, as per report pub­lished in March 2012 by the Stock­holm Inter­na­tion­al Peace Research Insti­tute (SIPRI), India has become the largest importer of arms dur­ing 2007- 2011 and account­ed for 10% of the glob­al arms imports as com­pared to China‘s share of 5%.

The amount of expen­di­ture incurred by India on cap­i­tal acqui­si­tion for mod­ern­iza­tion of Armed Forces through imports dur­ing 2007–2011 is as under:-

(Rs in crore)

Year
Amount spent on for­eign pro­cure­ment
2007-08
10166.08
2008-09
10184.95
2009-10
13411.91
2010-11
15443.01

This infor­ma­tion was giv­en by Min­is­ter of Defence Shri AK Antony in a writ­ten reply to Shri Rajeev Chan­drasekhar in Rajya Sab­ha today.

Source:
Press Infor­ma­tion Bureau, Gov­ern­ment of India