Arms Sales of Top Indian Firms Drop 6.9%, Reveals Sipri Report

The combined sales of three Indian companies that figure among the world’s 100 top arms suppliers stood at $5.9 billion in 2018, a drop of 6.9% compared to the previous year, according to the latest data released by a leading Stockholm-based think-tank that tracks the weapons industry.

The sales fell during the one-year period because of fewer orders from the Indian armed forces, showed the figures published on Monday by the Stockholm International Peace Research Institute (Sipri). Read More…