Brahmand NewsPrevious Article
Brahmand NewsNext Article
  • NDA passing-out parade to be low-key, parents can't attend:-In view of the coronavirus pandemic, the Passing Out Parade at the National Defence Academy (NDA) in Pune will be held in a "scaled-down" manner and parents of the cadets will not attend it, the institute has said....
  • Army commanders deliberate on situation in Ladakh for second consecutive day:-The Indian Army has rushed in additional troops and weaponry to eastern Ladakh as part of its strategy to fend off China's aggressive military behaviour with "firmness", even as top Army commanders deliberated on the delicate situation in the region for the second consecutive day on Thursday, official sources have said....
  • Historic SpaceX launch postponed because of stormy weather:-The launch of a SpaceX rocket ship with two NASA astronauts on a history-making flight into orbit was called off with less than 17 minutes to go in the countdown because of thunderclouds and the danger of lightning; the liftoff has been rescheduled for Saturday afternoon....
  • HAL awaiting approval for Mk-1A manufacture: CMD:-Hindustan Aeronautical Ltd (HAL) is awaiting approval from the Cabinet for manufacture of LCA Mk-1A, the improvised version of Mk-1 fighter platform, to be supplied to the Indian Air Force, the company‚Äôs Chairman and Managing Director R Madhavan has said....
student competition 2020

Global arms sales fell in 2010: Report

Line Spacing+- AFont Size+- Print This Article

A file photo.

WASHINGTON (BNS): Global arms sales dropped sharply last year as the world's governments struggled in the economic downturn, according to a new study, the New York Times reported.

According to a report by the non-partisan Congressional Research Service, a division of the US Library of Congress, worldwide arms sales in 2010 totalled $40.4 billion, a drop of 38 per cent from the $65.2 billion in arms deals signed in 2009 and the lowest total since 2003.

"Worldwide weapons sales declined generally in 2010 in response to the constraints created by the tenuous state of the global economy," wrote Richard F. Grimmett, a security specialist and author of the report.

India ranked first among all developing nations as the top purchaser, in 2010. The country signed $5.8 billion in weapons transfer deals, the study found.

Other major purchasers were Egypt, Israel, Algeria, Syria, South Korea, Singapore and Jordan.

Major countries such as US and Russia maintained its dominating position in the arms market, even when the world is still in the grip of global economic crisis.

The United States ranked first in worldwide arms sales in 2010, with $21.3 billion or 52.7 percent of these sales, a drop from $22.6 billion in 2009.

Russia was second with $7.8 billion in arms sales in 2010, or 19.3 per cent of the market, compared with $12.8 billion in 2009, the report added.

Following the US and Russia in sales were France, Britain, China, Germany and Italy.


Arms sale  Report  Deals  US  Russia  India  
Line Spacing+- AFont Size+- Print Article

Other Related News

India to go ahead with infra development in key areas along LAC despite stiff resistance from China

India will not stop infrastructure development projects in strategic areas along the nearly 3,500-km Sino-India border notwithstanding China's well-coordinated efforts to stall them by attempting to vitiate the situation in areas like eastern Ladakh, Government sources have said.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems


Brahmand World Defence Update 2020

Brahmand World Defence Update

Image Gallery