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India world’s biggest arms importer, despite currency ban under BJP

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India, China, Pakistan, World biggest arms importer, Slowdown, Arms importer, Manmohan Singh, Narendra Modi, Stockholm International Peace Research Institute, SIPRI, National news

United Nations: India is the world’s biggest importer of weapons, accounting for 12 percent of global purchases during the past five years because it is not able to produce enough arms to meet its requirements, according to the authoritative Stockholm International Peace Research Institute (SIPRI).

 

 

India’s imports rose 24 percent during the past five calendar years, 2013-17, compared to the previous five-year period, 2008-12, according to a SIPRI study released this week.

“The tensions between India, on the one side, and Pakistan and China, on the other, are fueling India’s growing demand for major weapons, which it remains unable to produce itself,” SIPRI Senior Researcher Siemon Wezeman wrote.

 

 

“China, by contrast, is becoming increasingly capable of producing its own weapons,” Wezeman pointed out.

SIPRI, which tracks the global arms trade, uses its own accounting system called Trend-Indicator Value (TIV) to measure the arms transactions in order to arrive at a uniform valuation given the differences in currencies and accounting methods by various countries and inadequate monetary data.

 

 

According SIPRI data using this method, India’s total TIV rose from 14,608 during 2008-12 to 18,048 in 2013-17. However, India’s arms purchases have come down during the last three full years of BJP government compared to the last three full years of the Congress-led UPA rule.

During 2011-13 when Manmohan Singh was Prime Minister, India imported arms worth 13,319 TIV but only 9,499 TIV in 2015-17 under Prime Minister Narendra Modi. When both leaders held power at different times during 2014, the imports were 3,227 TIV. In 2013, India’s imports were 5,322 TIV, up from 1,845 in 2008.

 

 

In contrast to India, Pakistan’s arms imports declined significantly during the last five years, when imports from the US dropped dramatically compared to the previous five years while supplies from China increased.

“Despite its continuing tensions with India and ongoing internal conflicts, Pakistan’s arms imports decreased by 36 per cent between 2008-12 and 2013-17,” the report said. “Pakistan accounted for 2.8 per cent of global arms imports in 2013-17.”

 

India world’s biggest arms importer, despite demonetisation under BJP:

 

Pakistan’s arms imports from the US dropped by 76 percent in the latest five-year period compared with the previous five, the study said. China was Pakistan’s main source of arms in 2013-17, and there was a large increase in Chinese arms exports to Bangladesh in that period, SIPRI said.

 

 

As New Delhi diversifies its arms purchases, the US is rapidly increasing its arms sales to India, emerging over the last five years as its second biggest supplier, according SIPRI.

The share of India’s imports from the US increased from 2.7 percent of its total during 2008-12 to 15 percent in the latest five-year period-recording a 557 percent increase-as it leapfrogged over Uzbekistan, Britain and Israel.

 

 

Israel has moved up to the third spot accounting for 11 percent of India’s imports during the 2013-17, compared to 3.7 percent in 2008-12 showing a 285 percent increase, according to the study.

Although Russia remained by far India’s biggest arms seller, its share of total imports has fallen. Russia had a 62 percent share of India’s arms imports during the past five years, down from 79 percent in 2008-12, according to SIPRI.

 

 

Uzbekistan, which was India’s second biggest import source accounting for 4.3 of its purchases abroad during 2008-12 did not sell any after 2011, according to the data.

Weapons imports from Britain fell to 3.2 percent of the total during the last five years, while it was 5.2 percent in 2008-12, a drop of 23 percent during that period that moved it down from the third spot to the fifth.

 

 

France has moved up to the fourth spot accounting for 4.6 percent of India’s imports during the last five years, an increase of 572 percent compared to just 0.8 percent.

 

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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