India ranked second in arms transfer agreements with US during 2006-2009 period, while Saudi Arabia is the leading developing world arms purchaser from 2002-2009.
From 2006-2009, Saudi Arabia ranked first in arms transfer agreements, with a substantial increase to USD 29.5 billion from USD 15.3 billion in the earlier 2002-2005 period. This total constituted 17.2 per cent (USD 171.5 billion) of all arms transfer agreements with developing nations during these four years.
India ranked second in arms transfer agreements during 2006-2009 with USD 17.1 billion (in current dollars), or about 10 per cent of the value of all developing world arms-transfer agreements.
Congressional Research Service (CRS) told Congressmen that India, while the principal Russian arms customer, has begun to diversify its weapons supplier base. In 2008, India purchased 6 C130J cargo aircraft from the US. This pattern of Indian arms purchases indicates that it is likely that Russian will face strong new competition from other major weapons suppliers for the India arms market.
According to CRS, Asia has traditionally been the second largest developing-world arms market. In 2006-2009, Asia ranked second, accounting for 34 per cent of the total value of all arms transfer agreements with developing nations (USD 59.8 billion).
Read the full Report: India Ranks Second in Arms Transfer Agreements with US During 2006-2009: A US Report
Svipja Technologies
From 2006-2009, Saudi Arabia ranked first in arms transfer agreements, with a substantial increase to USD 29.5 billion from USD 15.3 billion in the earlier 2002-2005 period. This total constituted 17.2 per cent (USD 171.5 billion) of all arms transfer agreements with developing nations during these four years.
India ranked second in arms transfer agreements during 2006-2009 with USD 17.1 billion (in current dollars), or about 10 per cent of the value of all developing world arms-transfer agreements.
Congressional Research Service (CRS) told Congressmen that India, while the principal Russian arms customer, has begun to diversify its weapons supplier base. In 2008, India purchased 6 C130J cargo aircraft from the US. This pattern of Indian arms purchases indicates that it is likely that Russian will face strong new competition from other major weapons suppliers for the India arms market.
According to CRS, Asia has traditionally been the second largest developing-world arms market. In 2006-2009, Asia ranked second, accounting for 34 per cent of the total value of all arms transfer agreements with developing nations (USD 59.8 billion).
Read the full Report: India Ranks Second in Arms Transfer Agreements with US During 2006-2009: A US Report
Svipja Technologies
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