Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
Source: Click Here
News: Stockholm International Peace Research Institute(SIPRI) has released a report on the global arms market.
Facts:
Key Takeaways:
- The total sales by the Top 25 arms manufacturers rose by 8.5% to $361 billion or 50 times the annual budget of the UN’s peacekeeping operations.
- S and Chinese companies dominated the global arms market in 2019 with American firms accounting for 61% of sales ahead of China’s 15.7%.
- For the first time, West Asia made its appearance among the 25 biggest weapons manufacturers.
Additional Facts:
- SIPRI: It is an independent international institute established in 1966 in Stockholm, Sweden.It is dedicated to research into conflict, armaments, arms control and disarmament.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.