 According to a report by SIPRI, India is the largest producer in the category of 'emerging producers' in 2017, with four companies ranked in the Top 100.Their combined arms sales of $7.5 billion in 2017 were 6.1 percent higher than in 2016.The two largest Indian arms producers, Indian Ordnance Factories and Hindustan Aeronautics are the highest ranking (37th and 38th respectively) companies in 2017 among countries in the emerging producers’ category.