Arms sales around the world are the highest they’ve been since the end of the Cold War


Noah Seelam/AFP

❝ Global arms sales over the last five years reached their highest level since 1990, with India continuing to top the charts as the world’s largest defense importer, a report from the Stockholm International Peace Research Institute has found.

Between 2012 and 2016, India accounted for 13 percent of global arms imports, followed by Saudi Arabia, the United Arab Emirates, China and Algeria, said SIPRI, which tracks global arms purchases. Between 2007 and 2011, India accounted for 9.7 percent of global imports, still more than any other country…

❝ Despite rising threats, and a ‘Make in India’ program to encourage local arms production, India’s domestic defense sector is not capable of meeting New Delhi’s growing requirements…

“They spend a lot of time and also money trying to develop weapons in India and things just go hopelessly wrong,” Siemon Wezeman, a senior researcher with SIPRI, said, adding that leaves them relying on imports…

❝ …The shift under Modi to rely more on private Indian companies for defense procurement, could lead to success. India signed an $8.7 billion contract to buy 36 Rafale jets from Dassault Aviation SA…Analysts also warned that structural changes to India’s defense purchasing would take a long time, given the lengthy timelines involved in defense R&D and manufacturing, as well as the necessity of meeting the military’s pressing requirements for combat-ready equipment.

RTFA for the gory details. Getting caught in the same sort of military-industrial complex that only shares ownership of the US economy with fossil fuel barons doesn’t seem like forward-looking economic design or planning. India might have more of a chance at long-term economic success working at building a mutual relationship based on peace with neighbors in the region. After all, they all were shoved into the same trick bag by departing Imperial England back in the day.

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