(CNN) -- India has overtaken China as the world's biggest importer of weapons, with Asian nations the most aggressive consumers of military hardware, a new report says.Between 2007 and 2011, India's business accounted for 10% of the global arms market, according to data from the Stockholm International Peace Research Institute (SIPRI). South Korea was next, accounting for 6% of sales, followed by Pakistan and China (5%) and Singapore (4%).
Siemon Wezeman, a senior analyst with SIPRI, said India's defense spending reflects its regional security concerns and Delhi's global aspirations.
"India procures arms in relation to its tense relationship with Pakistan and increasingly sees China as a potential threat," he told CNN. "It also wants to assert itself as a major regional or even global power."
Much of this expenditure has focused on the modernization of its armed forces with the purchase of fighter jets and warships, according to The Hindu. Read More
