Surge in Global Arms Sales: Who is the Prime Gainer?
A significant shift away from the world’s major weapons-producing region is underway, with impressive gains for China and to an extent India. The world witnessed a significant surge in arms sales from countries in the Asia-Oceania region in 2021. Despite supply-related disruptions due to the Covid-19 pandemic, arms sales by the 100 most important weapons manufacturing companies stood at $592 billion, representing an increase of 1.9 percent from 2020.
