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Thursday, March 28, 2024

Exporting Death & Destruction

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Nothing says Nobel Peace Prize like being the world’s largest (by a long way) exporter of arms…

The US was by far the top arms exporter in 2011-15, with a 33 per cent share of the global market. Exports from the US have increased 27 per cent in the last five years.

As The Independent reports, the number of major weapons switching hands around the world was up 14 per cent in the last five years, compared to the five years before that.

The Stockholm International Peace Research Institute, an independent resource on global security, has released a study that shows that India is the world’s largest importer of arms.

The chart above shows that Asia was the main importer of weapons in the last five years, as the region races to arm itself ahead of its regional rivals: China and Pakistan. The high levels of Indian imports are also the result of its small domestic arms industry, which means it has to buy weapons from overseas.

Russia is the biggest supplier of arms to India, ahead of the US. But US imports there are growing. They were 11 times higher in 2011-2015 than 2006-2010.

Leaving us with one big (quite scary) question – why is India suddenly preparing for war?

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