So now we know why I can shopping spree like a champion– it’s in my genes. (Thanks, 43 Seconds.)
According to the annual Conventional Arms Transfers to Developing Nations report (pdf)–widely considered the most comprehensive source on global weapons sales–India’s got so many shopping bags full of “tanks, submarines, combat aircraft, missiles and ammunition”, her arms are sore.
India was the leading buyer of conventional arms among developing nations in 2004, a report for the US Congress says. The Congressional Research Service said Delhi agreed the transfer of $5.7bn in weapons, ahead of China. [Beeb]
India was also the leading developing world purchaser over the 1997-2004 period covered in the report, sealing 10% of all such arms agreements.[Beeb]
Yes, yes, the US is the biggest “weapons mall” of them all, with around a third of all contracts. It’s the mall of America, if you will. Oh wait, we already have one of those.
Keeping up with the Wongs’?
India negotiated $15.7bn in agreed transfers of conventional weapons between 1997 and 2004 to top the list.[Beeb]
China overtook India for the period 2001-2004 on the back of a big increase in defence budget, but India was back on top for 2004 alone.[Beeb]
Enlighten me, do you think this is a good thing to be “on top” of?