Q. Consider the following statements:
1.Russia and USA have been the largest and second largest arms supplier to India in the last five years.
2.India spends around 1.1 per cent of its Gross Domestic Product (GDP) on defence.
Which of the statements given above is/are correct?
Answer: D
Notes:
India spends around 2.3 per cent of its Gross Domestic Product (GDP) on defence and accounts for 15 per cent of the global arms import. Russia is the largest arms supplier to India in both periods (2011-2015 and 2016-2020). However, Russia’s share of Indian arms imports fell from 70% to 49%. France and Israel were the second and third largest arms suppliers in 2016–20.
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