Denemek ALTIN - Özgür
'Be Indian, buy Indian' for strategic autonomy
Mint Chennai
|March 12, 2025
Being a big-budget arms importer does have its advantages in world affairs, but India also needs to pace up indigenous weapon development. Our record on this has been patchy so far
-
India has long been counted among the world's top importers of arms. So, any slip in our worldwide rank grabs attention.
According to a report by the Stockholm International Peace Research Institute (Sipri), Ukraine displaced India as the top arms importer in the period from 2020 to 2024. Kyiv's orders accounted for 8.8% of all arms imported globally over that five-year span, having risen 100 times since 2015-19.
New Delhi's ranked second, with an 8.3% share of defence imports, down from 9.8% in Sipri's previous report for the period 2019-23. With Ukraine at war with Russia for the past three years, its leap to the top of Sipri's chart is no surprise. It has had to rely on armoury from the US and Europe to defend itself, although with Washington's change in stance towards Kyiv under Donald Trump's presidency, further shifts could be in store.
Of course, since we are not in an arms race, our relative position is irrelevant. What matters is how well we are equipped to deal with external threats.
Bu hikaye Mint Chennai dergisinin March 12, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Mint Chennai'den DAHA FAZLA HİKAYE
Mint Chennai
It's Clear That Gamblers Should Pay More Taxes Than Investors
Investing aids the economy but gambling is simply consumption
3 mins
September 15, 2025
Mint Chennai
Finding inspiration in natural light
Nicobar's Simran Lal on how her two workspaces keep her calm, motivated
2 mins
September 15, 2025
Mint Chennai
Yuan versus the dollar: Propose a third option
As China attempts to globalize its legal tender; America guards the supremacy of its own and digital currencies gain traction, India should revive Keynes' idea of a global trade currency
2 mins
September 15, 2025
Mint Chennai
Mercedes Expects Best Festive Season
The recent GST rate cut is likely to make the upcoming festive season the 'best-ever' for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India managing director and chief executive officer Santosh Iyer said.
1 min
September 15, 2025
Mint Chennai
Indian Market Resilient; Stocks Could Touch New Highs by March
Over the long term, say 7 to 10 years, small and midcaps will be the real winners A. Balasubramanian, managing director and chief executive of Aditya Birla Sun Life AMC
4 mins
September 15, 2025
Mint Chennai
Top Debtor States Seek More From Finance Commission
Greater fiscal relief, revamped criteria for tax revenue sharing, special funds among demands
2 mins
September 15, 2025
Mint Chennai
Insurance law revision likely next session: FM
The Insurance Amendment Bill, which proposes 100% foreign direct investment in the sector, is likely to be introduced in parliament in the winter session, finance minister Nirmala Sitharaman has said.
1 min
September 15, 2025
Mint Chennai
When street dogs, cats bring the office closer
When colleagues work towards a collective goal like looking after community animals, it offers them a sense of purpose
4 mins
September 15, 2025
Mint Chennai
COP-30: Use carbon trading to win climate leadership
An efficient and credible carbon market can give India a chance to lead a global agenda that's fair to everyone
3 mins
September 15, 2025
Mint Chennai
Small stores, bold ambitions: Ikea to ramp up presence
Ikea India plans to add 3-4 small city stores over 10 months, shifting focus from large-format outlets to compact spaces
1 mins
September 15, 2025
Listen
Translate
Change font size