ashwin
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yes for the last many years India had not bought one weapon
India biggest arms buyer: US report
Press Trust of India
Posted online: Sunday, November 05, 2006 at 1706 hours IST
Washington, November 5: India was the biggest arms buyer among developing nations in 2005, finalising arms transfer agreements worth USD 5.4 billion, according to a US Congressional study.
Saudi Arabia ranked second at USD 3.4 billion, followed by China with USD 2.8 billion in such agreements, the Congressional Research Service says.
According to the study on transfer of conventional arms to developing countries between 1998-2005, India signed USD 12.9 billion in arms transfer agreements between 2002-2005, up from USD 7.8 billion in the earlier 1998-2001 period (in current dollars).
"This increase reflects the continuation of a military modernisation effort by India, underway since the 1990s, and based primarily on major arms agreements with Russia," the CRS report says.
The report also pointed out that India has expanded its weapons supplier base, purchasing the Phalcon early warning defense system aircraft in 2004 from Israel for USD 1.1 billion, and a myriad of items from France in 2005, in particular six Scorpene diesel attack submarines for USD 3.5 billion.
In 2005, Russia ranked first among suppliers in arms transfer agreements to developing nations with USD 7 billion or 23.2 per cent of all such agreements, followed by France with USD 6.3 billion. The US came in at third with USD 6.2 billion in such agreements.
However, the US topped the list in actual delivery or arms during the period, valued at USD 8.1 billion, followed by Russia (USD 2.7 billion) and the United Kingdom (USD 2.4 billion).
From 2002-2005, the United States and Russia dominated the arms market in the developing nations, with the supplier duo collectively making nearly 60 per cent of all arms transfer agreements.
The total value of all arms transfer agreements with developing nations from 1998-2005 was USD 177.8 billion in current dollars. India alone accounted for 11.6 per cent of the agreements during these eight years.
In the recent period from 2002-2005, India made USD 12.9 billion in arms transfer agreements. This total constituted 14.4 per cent of all such agreements with developing nations (USD 89.8 billion in current dollars). China ranked second with USD 10.2 billion (11.4 per cent).
During 1998-2001, the top ten recipients collectively accounted for 69 per cent of all developing world arms transfer agreements. During 2002-2005, they accounted for 67.1 per cent.
Russia, the CRS maintains, has become the principal supplier of advanced conventional weaponry to China while maintaining its position as principal arms supplier to India.
Russia has also made progress in expanding its client base in Asia, receiving aircraft orders from Malaysia, Vietnam, and Indonesia.
India biggest arms buyer: US report
And if you think and you are convinced that Chinese and Pakistani weapons are not of the quality then India should not be of any concern, why you are every time then start crying.
The point is not about India spending on arms. We are not going for war in the conventional ways. If Pakistan purchases more arms it would be better for us to portray it in the western media that the money which is given as aid is being used to purchased arms and ammunition. That can be a blow on the aids being received. Where as in case of India has a very less share of GDP dedicated to defense but when that share is converted to actual numbers it becomes a very big amount in comparison to other countries. Anyways we do take loans but we do not take any aid.
Simply put if we have 100 ruppes and if we spend 2 ruppes on defence where as county B which has 10 ruppes and spend 1 ruppe on defence the overall expenditure on defence is more for country B as it spent 10% of its GDP where as in case of india it is 2% but the actual amount spent was 2 ruppes by india and 1 ruppe by nation B
So it would be good for us if you ahead and get big guns. Wait we another test to fail.... See you guys have more powerful then us