The war in Ukraine had increased demand for weapons this year, but the conflict may also lead to a supply challenge, not least because Russia is a major supplier of raw materials used in arms production.
However, it has been brought to the notice of the ministry that in contravention of the said provision, some states are allowing the members of rifle clubs and rifle associations (licensed or recognised by the Centre) to keep more than two firearms in their individual capacity by misinterpreting the provisions of the Arms Act.
The Economic Survey said the services sector faces many regulatory hurdles even for routine businesses.
By the end of 2017, there were 857 million civilian-held firearms in the world, of which only 100 million are registered, rest being unregistered, illicit or illegal, a report by Small Arms Survey commissioned by the Australian government has revealed. Here are the top 10 countries which are home to largest number of firearms held by civilians