According to Stockholm International Peace Research Institute (SIPRI), India was the second-largest arms importer from 2020-24, though its imports fell by 9.3% compared to 2015-19. Ukraine became the world's largest arms importer, with imports rising nearly 100 times. India’s arms imports from Russia fell to 36% in 2020-24 from 55% in 2015-19. India was the top arms buyer from both Russia and France. The U.S. led global arms exports with 43%, while Russia’s exports dropped by 64%. China exited the top 10 arms importers list for the first time since 1990-94, showing domestic production growth.
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