|Published : 13 Apr 2017, 13:14:39 | Updated : 13 Apr 2017, 13:15:18|
India raises defence import dramatically
India has dramatically increased its defence imports in the past decade, as it looks to re-equip all three of its armed services, which often lack modern and functional kit, according to a global media report.
In the four years between 2012 and 2016, India was the world’s number one importer of weapons, accounting for 13 per cent of the global total, according to the Stockholm International Peace Research Institute.
Its foreign purchases during that period were 43 per cent higher than in the previous four years.
But as other countries have scrambled to seal billions of dollars of contracts, the value of UK defence exports to India has fallen sharply, from £966m in 2010 to only about £34m in 2015 - although there was some success in 2014, with £487m worth of sales finalised.