India second largest arms purchaser in the world after Saudi Arabia: CRS Report
According to the recently released report India has emerged as the second largest purchaser of arms among developing nations after Saudi Arabia. The report titled Conventional Arms Transfers to Developing Nations 2008-2015 was released by Congressional Research Service (CRS). Between 2008 and 2015, India purchased defence equipments worth 34 billion dollars, second after Saudi Arabia’s 93.5 billion dollars defence purchases. Indian efforts to diversify its procurement of arms has benefited US and reduced its reliance on Russia on arms purchase. CRS is an independent bipartisan research wing of the US Congress. It prepares reports on a wide range of issues for lawmakers to make informed decisions. CRS reports are not considered official reports of the US Congress.