Philippine economy

India now world’s biggest arms importer

India has overtaken China as the world’s biggest arms importer, with analysts predicting it is likely to spend more than US$100-B on weapons in the next 15 years. Asia nations, in fact, are the most aggressive arms buyers, research showed. From 2007 to 2011, for example, India’s business accounted for 10% of the global arms market. The Stockholm International Peace Research Institute also said South Korea was next, accounting for 6% of sales, followed by Pakistan and China (5%) and Singapore (4%).

Read it on CNN

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.