India remains biggest arms importer between 2018-22 despite drop in overall imports
1 year, 9 months ago

India remains biggest arms importer between 2018-22 despite drop in overall imports

The Hindu  

India remained the world’s largest arms importer for the five-year period between 2018-22 even though its arms imports dropped by 11% between 2013–17 and 2018–22, according to the Swedish Think Tank Stockholm International Peace Research Institute. With an 11% share of total global arms imports, India was the world’s biggest importer of major arms in 2018–22, a position it has held for the period 1993–2022. “The decrease can be attributed to several factors including India’s slow and complex arms procurement process, efforts to diversify its arms suppliers, and attempts to replace imports with major arms that are designed and produced domestically.” The report noted that Russia’s position as India’s main arms supplier is under pressure due to strong competition from other supplier states, increased Indian arms production and, since 2022, the above-mentioned constraints on Russia’s arms exports related to its invasion of Ukraine. “India’s arms imports from France, which included 62 combat aircraft and four submarines, increased by 489% between 2013–17 and 2018–22.

India France China Ukraine Russia Pakistan Egypt Imports Arms Increased Sipri Largest Supplier Major Arms  201317  india  increased  remains  despite  201822  largest  supplier  china  importer  biggest  drop  imports  russia  arms  overall

History of this topic

What India-US trade could look like after Trump takes office
5 days, 21 hours ago

What India-US trade could look like after Trump takes office

Live Mint  

By Manoj Kumar NEW DELHI, Dec 19 - India is preparing for possible trade talks with the United States, aiming for increased investments from U.S. companies and higher exports once President-elect Donald Trump takes office. Here are key commercial issues between the two countries: TRUMP POLICY ON CHINA India seeks to leverage Trump's policy by capitalising on U.S. trade tension …

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report
1 week ago

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report

India Today  

The Stockholm International Peace Research Institute has revealed that global arms sales surged to $632 billion in 2023, marking a 4.2 per cent increase from 2022. A significant trend noted in the report is the expansion of arms revenues among a higher number of companies, with 73 companies in the SIPRI Top 100 Arms-Producing and Military Services Companies 2023 reporting …

India’s imports rises to 27%, touches to record high of almost $70 billion
1 week, 1 day ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

India imports more from China, exports less during Apr-Oct 2024: Govt data
Trending News
1 month, 1 week ago

India imports more from China, exports less during Apr-Oct 2024: Govt data

Firstpost  

During the period, the top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data showed China was India’s top import source with $65.89 billion, a 9.8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the commerce ministry data. …

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar
Trending News
1 month, 1 week ago

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar

Hindustan Times  

India is confident of achieving commerce worth $100 billion with Russia before the target date of 2030 though the two sides need to address constraints to ensure trade is more balanced, external affairs minister S Jaishankar said on Tuesday. The two sides have seen “perceptible progress” in tackling challenges to trade, especially issues related to payments and logistics, but there …

India's Defence Exports Soar, with US, France and Armenia Top Buyers
1 month, 3 weeks ago

India's Defence Exports Soar, with US, France and Armenia Top Buyers

Firstpost  

India's defense exports reach a record high of $2.6 billion in 2023-24, with the US, France and Armenia ranking as the top three buyers. Armenia has emerged as India's biggest client of 'finished' weapon systems, including Akash air defense missile systems, Pinaka multi-launch rocket systems and 155mm artillery guns.

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
3 months, 3 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

India Witnesses Surge In Defence Exports With Supply To Over 90 Countries: Report
4 months ago

India Witnesses Surge In Defence Exports With Supply To Over 90 Countries: Report

News 18  

India is now selling weapons made in the country to other nations, reaching record levels in defence exports. In 2023-2024, defence exports reached a record Rs 21,083 crore, an increase of 32.5 percent from Rs 15,920 crore in the previous year. The Narendra Modi government set an ambitious target in 2020 to achieve Rs 35,000 crore in defence exports within …

India has made strides to further self-reliance in defence, exporting weapons too: PM
4 months, 1 week ago

India has made strides to further self-reliance in defence, exporting weapons too: PM

Hindustan Times  

NEW DELHI: In his 98-minute Independence Day speech delivered from the imposing Red Fort on a drizzly morning, Prime Minister Narendra Modi on Thursday captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. India has made …

Diplomacy with a defence angle
8 months, 1 week ago

Diplomacy with a defence angle

Hindustan Times  

New Delhi’s move to appoint defence attachés in several foreign missions is of a piece with India’s rising economic clout and its self-perception as a leader of the Global South. A third factor that provides context to the decision is India’s focus on self-reliance in defence production, which is focussed not only on restricting imports but also on exporting Indian …

India's defence exports at all-time high: Which are the countries buying from New Delhi?
8 months, 3 weeks ago

India's defence exports at all-time high: Which are the countries buying from New Delhi?

Firstpost  

Defence Minister Rajnath Singh announced that India’s arms exports have crossed the Rs 21,000-crore mark for the first time. According to the defence minister, the arms exports touched Rs 21,083 crore in the financial year 2023-24, a “spectacular growth” of 32.5 per cent over the previous fiscal. India’s growing defence exports India supplies arms to over 85 countries, including Italy, …

India’s monthly merchandise exports rise to $41.40 billion in February
9 months, 1 week ago

India’s monthly merchandise exports rise to $41.40 billion in February

Hindustan Times  

NEW DELHI: India reported a robust 12% annualised growth in merchandise exports at $41.4 billion in the month of February despite global headwinds, narrowing contraction in the first 11 months of 2023-24 by 3.6% to $395 billion, a senior official said. In 2022-23, India’s merchandise exports crossed $451 billion while overall exports achieved a record $770 billion. Releasing the monthly …

U.S. Dominates Foreign Weapons Market as Russian Exports Plummet
9 months, 1 week ago

U.S. Dominates Foreign Weapons Market as Russian Exports Plummet

Live Mint  

The U.S. bolstered its position as the world’s dominant arms exporter, accounting for more than 40% of the global trade in weapons over a recent five-year period, while Russia saw its sales abroad drop by more than half because of the war in Ukraine, according to a new report. Ukraine, until recently a limited importer of U.S. arms, accounted for …

India Diversified New Arms Purchases, Russia Not Main Supplier Anymore, Says Jaishankar
10 months ago

India Diversified New Arms Purchases, Russia Not Main Supplier Anymore, Says Jaishankar

ABP News  

New Delhi: External Affairs Minister S. Jaishankar has said India now has the United States, Russia, France and Israel as its main suppliers as far as new weaponry purchases are concerned while reducing its reliance on Moscow. In an interview to a German business daily, Jaishankar said New Delhi is buying oil from Russia as its traditional suppliers in the …

Is India's Reliance on Russian Oil Imports Reaching a Limit
1 year, 5 months ago

Is India's Reliance on Russian Oil Imports Reaching a Limit

News 18  

India’s imports of oil from Russia reached a new height as New Delhi’s daily volumes climbed to 2.2 million barrels a day in June. News18 takes a look at India’s oil trade with Russia and the future possibilities: Rapid Rise of Russian Oil India, the world’s third largest consumer of crude, bought nearly 2 million barrels per day of Russian …

Explained | Why are India-Russia trade payments in crisis?
1 year, 5 months ago

Explained | Why are India-Russia trade payments in crisis?

The Hindu  

July 09, 2023 03:45 am | Updated 04:21 pm IST The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap of $60 a barrel put in place by the U.S. and European nations as …

India on fast track to attain 'atmanirbharata' in defence sector
1 year, 6 months ago

India on fast track to attain 'atmanirbharata' in defence sector

Firstpost  

The ‘Atmanirbhar Bharat’ initiative of the Indian government seems to have achieved a significant milestone with India’s defence exports reaching an all-time high during the financial year 2022-23. According to Sweden-based think tank Stockholm International Peace Research Institute, defence imports by India fell by 11% during the five-year period between FY 2013–17 and FY 2018–22. With an 11% share of …

India’s Jan.-April imports from China rise 4.6% to $37.86 billion
1 year, 6 months ago

India’s Jan.-April imports from China rise 4.6% to $37.86 billion

The Hindu  

India’s imports of Chinese goods have continued to rise in 2023, growing 4.6% in the first four months of the year to cross $37.86 billion. Two-way trade climbed 4.5% from the year-earlier period to reach $44.34 billion at the end of April, data from China’s General Administration of Customs showed. In the first four months of the year, China’s trade …

Data | Russia’s exports to India rise further, trade deficit balloons
1 year, 7 months ago

Data | Russia’s exports to India rise further, trade deficit balloons

The Hindu  

In February 2023, Russia sur­passed Saudi Arabia to be­ come the second biggest ex­porter of crude oil to India in FY23. In the four­-month period between November 2022 and Febru­ary 2023, Russia took over the top spot, while the shares of Saudi Ara­bia and Iraq in India’s oil imports are fast decreasing. Chart 1 | The chart shows the share …

Goods exports grew 6% , imports 16.5% this fiscal
1 year, 8 months ago

Goods exports grew 6% , imports 16.5% this fiscal

The Hindu  

India’s goods exports declined for the second successive month in March, falling a sharp 13.9% to $38.38 billion while imports dipped 7.9% to $58.11 billion. “Despite the global headwinds, we have surpassed our 2022-23 target of $750 billion dollars to hit $770.18 billion, which is $94 billion higher than last year’s record exports,” Commerce Secretary Sunil Barthwal said, using services …

All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector
1 year, 8 months ago

All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector

ABP News  

India achieved a record Rs 16,000 crore worth of defence equipment exports last financial year. India continues to be an attractive selling destination, and as revealed by Defence Minister Rajnath Singh, the Indian defence sector has emerged as a major demand creator. Indian defence research entities have devoted lot of their energy and time, and has been able to equip …

Russia Remains India's Primary Arms Supplier But Imports Plunge Sharply
1 year, 9 months ago

Russia Remains India's Primary Arms Supplier But Imports Plunge Sharply

ABP News  

Russia is still India’s primary source of weapons even as the country has drastically trimmed purchases, according to report by news agency Bloomberg. Arms and ammunitions imports from Russia declined by 19 per cent for the five year period starting 2018 compared to a present time frame, according to a report from the Stockholm International Peace Research Institute, an independent …

Attacked by Russia, Ukraine was world’s 3rd-largest arms importer in 2022, report says
1 year, 9 months ago

Attacked by Russia, Ukraine was world’s 3rd-largest arms importer in 2022, report says

LA Times  

A Ukrainian paratrooper aims a missile launcher at Russian positions on the front line near Kreminna, Ukraine, on Thursday. Pieter Wezeman, senior researcher with the SIPRI Arms Transfers Program, noted that, even as arms transfers declined globally last year, “those to Europe have risen sharply due to the tensions between Russia and most other European states.” He said that following …

India remains world’s top arms importer: SIPRI report
1 year, 9 months ago

India remains world’s top arms importer: SIPRI report

Live Mint  

India remained the world's top arms importer, but its imports declined by 11 per cent between 2013-17 and 2018-22, according to a report released on Monday by Stockholm-based defence think-tank SIPRI. The imports by Pakistan, the world's eighth-largest arms importer during 2018-22, increased by 14 per cent, with China as its main supplier, the report said. The report said India …

UK's sun sets in global arms market as France set to take over Russia as 2nd biggest arms supplier after US
1 year, 9 months ago

UK's sun sets in global arms market as France set to take over Russia as 2nd biggest arms supplier after US

Firstpost  

The UK’s defence industry has struggled to reach agreements with important partners like Saudi Arabia, which has resulted in a 35% decrease in weapons exports and a 4.7% drop in the country’s global share from 2013 to 2017 to just 3.2% in 2018–22 Paris: In a report, the Stockholm International Peace Research Institute, on Monday, revealed France is on the …

Russia Is Still India's Largest Arms Supplier But Its Position Is Under 'Pressure’, Latest SIPRI Report Says
1 year, 9 months ago

Russia Is Still India's Largest Arms Supplier But Its Position Is Under 'Pressure’, Latest SIPRI Report Says

ABP News  

New Delhi: Russia continues to be the largest arms supplier of India, but its share in New Delhi’s total arms imports has come down to 45 percent during the period 2018-2022 from 64 percent earlier, according to the latest data on international transfers of major arms by the Stockholm International Peace Research Institute. With an 11 per cent share of …

Ukraine is world’s third-largest arms importer: SIPRI
1 year, 9 months ago

Ukraine is world’s third-largest arms importer: SIPRI

Al Jazeera  

Fuelled by Russia’s invasion of Ukraine, countries in Europe are also increasing their arms imports, the think-tank says. Countries in Europe have sharply increased their imports of major weapons in response to tensions with Russia, a prominent think-tank has said, with Ukraine emerging as the world’s third-largest arms importer following Moscow’s invasion last year. “Even as arms transfers have declined …

India's Russian oil imports hit record high in February; now more than Iraq, Saudi put together
1 year, 9 months ago

India's Russian oil imports hit record high in February; now more than Iraq, Saudi put together

The Hindu  

India's imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine conflict in February 2022, Russia's share of India's imports rose …

How the Russia-Ukraine conflict is shaping India's foreign trade
1 year, 10 months ago

How the Russia-Ukraine conflict is shaping India's foreign trade

India Today  

The Russia-Ukraine war’s fallout has been an important factor in the global slowdown. Here are facts and figures to understand India's current trade dynamics: India's imports were down by 3.5 per cent as of December 2022, while exports were lower by 12.2 per cent compared to last year of the same period In export, 19 of the 30 key segments, …

U.S. will not sanction India for buying Russian oil, say senior American officials
1 year, 10 months ago

U.S. will not sanction India for buying Russian oil, say senior American officials

The Hindu  

The United States does not intend to sanction India over its continued purchase of Russian oil, senior American officials have said, calling New Delhi one of their most “consequential” partners. Ahead of a week-long visit to India by U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt, where the response to the war in Ukraine will be on the agenda, the …

Amid slowing demand, exports dip by 12.2%; imports contracts 3.5%
1 year, 11 months ago

Amid slowing demand, exports dip by 12.2%; imports contracts 3.5%

The Hindu  

India exported goods worth $34.48 billion in December 2022, constituting a 7.75% rise from November’s $32 billion figure but a steep 12.2% dip from a year ago, amid slowing global demand. Consequently, the country’s merchandise trade deficit inched up from just under $24 billion in November to $24.24 billion in December, remaining under the $25 billion mark for the second …

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion
1 year, 11 months ago

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion

The Hindu  

January 13, 2023 11:00 am | Updated 11:54 am IST - Beijing India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year. India’s exports to China, however, fell in 2022, driving an already …

Data | India’s toy exports surge but still 200 times smaller than China’s
1 year, 11 months ago

Data | India’s toy exports surge but still 200 times smaller than China’s

The Hindu  

Amid the COVID-19 pandemic in August 2020, Prime Minister Narendra Modi exhorted that India can become a global toy hub. In July 2022, he announced that India’s exports of toys surged from ₹300-400 crore to ₹2,600 crore, a boost that “no one could have imagined.” Beyond an increase in exports, Mr. Modi also said that imports of toys, which used …

India’s merchandise imports from three of top 10 trade partners dip
2 years ago

India’s merchandise imports from three of top 10 trade partners dip

Hindustan Times  

New Delhi: India’s merchandise imports from three out of top 10 trade partners contracted year-on-year in October – about 10% from China at $7.8 billion, nearly 5% with the US to $3.5 billion and 31% from Australia at $1.3 billion – although inbound shipments from Russia surged over 441% at over $3.8 billion, mainly due to energy imports. India’s merchandise …

Russia Wants to Increase Trade Ties And Scope of Trading Items with India, Says Ambassador Alipov
2 years ago

Russia Wants to Increase Trade Ties And Scope of Trading Items with India, Says Ambassador Alipov

News 18  

Amidst reports of Russia reaching out for supplies of many manufacturing items, the country’s ambassador in Delhi Denis Alipov has said that Moscow wants to increase trade ties with India. He denied knowledge of any such list of items, but said, “Russia wants to increase trade ties with India and increase the scope of trading items with India.” Recently news …

India’s imports from China surge to record high in first nine months of year
2 years, 1 month ago

India’s imports from China surge to record high in first nine months of year

The Hindu  

India’s imports from China have risen 31% for the nine months ended September, propelling two-way trade past $100 billion and the trade deficit to a record high. India’s exports to China in the first nine months of this year were, however, down by as much as 36.4% at $13.97 billion, data from China’s General Administration of Customs showed. India’s imports …

Data | Will Iran make a comeback as India’s major crude oil import partner?
2 years, 3 months ago

Data | Will Iran make a comeback as India’s major crude oil import partner?

The Hindu  

On the sidelines of the Shanghai Cooperation Organization summit, Indian Prime Minister Narendra Modi and Iranian President Ebrahim Raisi are likely to discuss the revival of oil imports from Iran. However, in FY23, the U.S.’s share in India’s oil imports halved and Russia became the third-biggest source. Russia’s share in India’s crude oil imports was close to 14% in FY23. …

Saudi Arabia overtakes Russia to be India's No. 2 oil supplier in August
2 years, 3 months ago

Saudi Arabia overtakes Russia to be India's No. 2 oil supplier in August

Hindustan Times  

Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed. 2 oil buyer after China India, the world's third biggest oil importer and consumer, shipped in 863,950 barrels per day of crude from Saudi Arabia, …

Chinese exports to India go up, Indian exports fall sharply in 2022: China data
2 years, 5 months ago

Chinese exports to India go up, Indian exports fall sharply in 2022: China data

Hindustan Times  

BEIJING: Trade between India and China stood at $67.08 billion in the first six months of 2022, rising by 16.5% compared to the same period the year before, latest data from China’s General Administration of Custom showed on Wednesday. While total trade between India and China was $125 billion in 2021, a record high, the deficit between the two countries …

Record surge in India’s imports from China in first half of 2022
2 years, 5 months ago

Record surge in India’s imports from China in first half of 2022

The Hindu  

India’s imports from China reached a record $57.51 billion in the first half of the year, according to China’s trade figures released on July 13. Imports of Chinese goods are on track for yet another record year, and set to surpass last year’s $97.5 billion figure. The trade imbalance is also on track for another record, with India’s exports to …

Data | India’s imports from Russia soar amid sanctions
2 years, 5 months ago

Data | India’s imports from Russia soar amid sanctions

The Hindu  

Amid international sanctions imposed against Russia after its invasion of Ukraine in February, India’s imports from Russia have soared. India’s crude oil imports from Russia surged by 286% while coal imports surged by over 345% in the January-April 2022 period. About 7.5% of India’s fuel needs in April 2022 was sourced from Russia compared to 2% or less in many …

India, the world’s biggest buyer of Russian arms, looks to diversify suppliers
2 years, 7 months ago

India, the world’s biggest buyer of Russian arms, looks to diversify suppliers

Live Mint  

India is looking to domestic firms and eastern European nations for military gear and ammunition, as the world's biggest buyer of Russian arms seeks alternative suppliers at a time when Moscow is fighting a war with Ukraine and facing sanctions. New Delhi has long talked of diversifying the suppliers to its huge armed forces, and even making more equipment at …

India to boost arms output, fearing shortfall from Russia
2 years, 8 months ago

India to boost arms output, fearing shortfall from Russia

Associated Press  

NEW DELHI — India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its main supplier Russia. “Our objective is to develop India as a defense manufacturing hub,” Defense Minister Rajnath Singh said Thursday while releasing a list of military equipment …

India to boost arms output, fearing shortfall from Russia
2 years, 8 months ago

India to boost arms output, fearing shortfall from Russia

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. "Our objective is to develop …

Explained | What is the status of India’s oil, defence purchases from Russia?
2 years, 8 months ago

Explained | What is the status of India’s oil, defence purchases from Russia?

The Hindu  

The story so far: The last two weeks saw a flurry of visits by senior officials from the West to convince India not to undermine sanctions on Russia by opting for payments in national currencies as also not to increase purchase of discounted oil from Russia. Mr. Lavrov reiterated that Russia is moving ahead with the use of national currencies …

Ukraine war lessons: India's defence capabilities need a fine mix of aatmanirbharta and global support
2 years, 8 months ago

Ukraine war lessons: India's defence capabilities need a fine mix of aatmanirbharta and global support

Firstpost  

One key lesson from the Ukraine crisis is that at the end, one has to actually depend on one’s own defence capabilities. With the original Quad not very active on military support for members, Bennet’s visit to India will remain very crucial on defining the roadmap for bilateral as well as multilateral ties, especially in a situation when India still …

Data | India reduced arms imports from Russia, while China’s dependency increased
2 years, 9 months ago

Data | India reduced arms imports from Russia, while China’s dependency increased

The Hindu  

India’s arms imports have reduced significantly in the last five years. Click to remove AMP mode Preferred source The chart shows India’s arms imports from various sources in million TIV. The chart only lists the trend of India’s top five sources since 2000 Dependency ratio The chart plots on the horizontal axis a country’s arms imports from Russia. At least …

Russia's share of arms import to India fell from 69% in 2012-17 to 46% in 2017-21: Report
2 years, 9 months ago

Russia's share of arms import to India fell from 69% in 2012-17 to 46% in 2017-21: Report

The Hindu  

Russia's share of arm imports to India fell from 69% in 2012-17 to 46% in 2017-21, according to a report released on Monday by Stockholm-based defence think-tank SIPRI. Despite this, India was the world's largest importer of major arms in 2017–21 and accounted for 11 per cent of total global arms imports in the period," the report noted. Russia was …

Infographic: Which countries buy the most Russian weapons?
2 years, 9 months ago

Infographic: Which countries buy the most Russian weapons?

Al Jazeera  

Russia is the world’s second-largest arms exporter: India buys one-quarter of those weapons followed by China, Algeria, Egypt and Vietnam. Russia is the world’s second-largest arms exporter, behind the United States, accounting for roughly 20 percent of global weapons sales. While a lot of Russia’s weapons are upgrades to their Soviet-era arsenal, it is increasingly developing more advanced systems, including …

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