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India's arms import embargo hits makers in Russia, US and Israel

'Late but good step' pushes self-reliance in defense but unlikely to create jobs

Three of India's indigenous Akash missiles, mounted on a truck, are displayed during a rehearsal for the Republic Day parade in New Delhi on Jan. 23.   © Reuters

BENGALURU, India -- India's Defence Ministry has announced that it will cease imports of over 100 items for the Indian armed forces worth $47 billion. The move will affect purchases from major arms suppliers such as the U.S., Russia and Israel worth billions of dollars in the coming years, if the country achieves targeted domestic production.

According to the Stockholm International Peace Research Institute, India was the world's second-largest importer of arms in the 2014-19 period, after Saudi Arabia. During the period, India bought $16.7 billion, 9.7% of the world total. Russia supplied 55% of India's imports, while the U.S. and Israel made up 14% and 12% of the total, respectively.

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