India-US Current Affairs - 2020
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The Stockholm International Peace Research Institute (SIPRI) recently released its report on “Trends in International arms transfers 2019”. According to the report, India is the second largest arms importer in the world.
Key Findings of the report
The report says that Russia is the largest supplier to the Indian market between 2015-19. Russia has remained the top supplier in spite of the fact that Indian Weapons market for Russia declined from 72% to 56%.
The report also says that the top 5 arms importers in the world include Saudi Arabia, India, Egypt, Australia and China. These 5 countries accounted to 36% of world arms imports.
India has diversified it arms imports in the year 2015-19. The report also said that India acquired military hardware from other countries. It includes Scanter-6000 radars from Denmark, ACTAS sonar systems from Germany, Embraer ERJ-145 jets from Brazil, K-9 Thunder artillery guns from South Korea and Super Rapid 76 mm Naval Guns from Italy.
Tags: Arms Imports • India-Russia • India-US • K9 • Stockholm International Peace Research Institute
During the US President Donald Trump visit to India, the countries signed agreements in the field of energy, oil, defence and health. India and US signed the agreement on mental health to enable India to treat mental health issues.
The Agreement facilitates greater access of traditional drugs and therapies of India to the US market. In return, India is to gain access to generic drug market of US. This will help India obtain higher standards of generic standard compliance.
According to Lancet Report, the mental health disorders have increased from 3% in 1990 to 6% in 2013. This is expected to be low, as the report says that 80% of the mental disorders in the country are not reported.
It is important for India to boost its mental health treatments. This is because, it is estimated that globally, 1 trillion USD of productivity is lost due to depression and anxiety.
Tags: Donald Trump • Drugs • Generic Medicines • Health • India-US