India tops weapons purchase, outspends China

September 30, 2011 16:14

On Firstpost.com: India was the biggest buyer of conventional arms among developing nations in 2010 and had global defence giants lining up to capture $5.8 billion in new deals, said a report for the US Congress.

Worldwide arms sales in 2010 totalled $40.4 billion, a drop of 38 percent from the $65.2 billion in arms deals signed in 2009 and the lowest total since 2003, the Congressional study found. Read

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