Arms sales of top Indian defence firms drop by 6.9 per cent: SIPRI report

The combined sales of three public sector Indian defence companies that figure among the world’s 100 top arms suppliers dropped by 6.9 per cent to stand at USD 5.9 billion in 2018 despite a rise in the global weapons sales, according to a new report published by a leading Swedish think tank. Sales of arms and military services by the sector's largest 100 companies (excluding those in China) totalled USD 420 billion in 2018, marking an increase of 4.6 per cent compared with the previous year, the Stockholm International Peace Research Institute (SIPRI) said on Monday.

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