Business Standard

Statsguru: Six charts explain India's arms import dependence

The problematic issue, though, is India's paltry share in the world's exports


Despite being a high military spender, India only accounted for 0.2 per cent of the world’s arms exports

Ishaan Gera
The ongoing war between Russia and Ukraine has brought military spending and arms purchases to the forefront. While the US has imposed sanctions on Russia, it is also threatening to impose sanctions on countries that do business with Russia. If such provisions — Countering America’s Adversaries Through Sanctions Act — are imposed, it would hinder India’s ability to make further military purchases from Russia. At present, India is one of the largest military spenders in the world, after the US and China. Data from Stockholm International Peace Research Institute (SIPRI) shows that between 2016-20, India spent $331.8 billion on military,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 21 2022 | 12:51 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to