Procurement: Who's The Biggest Buyer Of Them All?

Archives

May 9, 2007: India has become the largest importer of weapons in the world. Over the last three years, India has imported over $10 billion worth of arms. With a GDP of $800 billion, India is spending about 2.5 percent of its GDP on defense. China, with 20 percent more people, has a GDP of $2.5 trillion and spends nearly five percent of GDP on defense. While China produces more of its own weapons than India, it still runs a close second when it comes to arms imports. Pakistan, with only about 1/7th Indias population, has a GDP of $125 billion, and spends about 4.5 percent of that on defense.

China spends a lot more than India on nuclear weapons, missiles, warships and aircraft. China has twice as many troops as India. While China and India share a border, and have border disputes, the land in question is mountainous wasteland.

The biggest suppliers to both China and India, is Russia. But India is buying a lot more from the West. There is a huge order in the works. India is seeking to buy 126 modern fighters, for over $6 billion, from whoever will offer the best deal. India is also trying to create its own arms industries. But it is finding, like China and Russia did before it, that this takes time, and a lot of money.

 


Article Archive

Procurement: Current 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 


X

ad
0
20

Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close