Report released by SIPRI on arms sales

Share with Your Friends

Report released by SIPRI on arms sales

Recently the report on arms sales has been released by the Stockholm International Peace Research Institute (SIPRI).

  • According to the report, 3 Indian companies (Hindustan Aeronautics Limited, Indian Ordnance Factories and Bharat Electronics Limited) accounted for 1.2% of global arms sales in the year 2020. Companies in the United States top the list with $285 billion, or 54% of total arms sales.
  • It is followed by China (13%) and the UK (7.1%). In the year 2020, India announced a phased ban on imports of over a hundred different types of military equipment to support domestic companies and increase self-reliance in weapons production.
  • SIPRI is an independent international institution. It is dedicated to research into conflict, armament, arms control and disarmament.

Source – The Hindu

Download Our App

More Current Affairs

Was this article helpful?

Leave a Comment

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

June 2023
« May    

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Hi, there

Welcome to Youth Destination IAS

We have a perfect gift For you:
Open Access to the Youth Destination Library