The correct statement among the given options is option 1, which states that India is the largest importer of defence equipment in the world.

Option 1: India is the largest importer of defence equipment in the world. This means that India purchases a significant amount of defence equipment from other countries. This indicates that India relies heavily on importing defence equipment to meet its military needs.

Option 2: The United States of America was the second largest exporter of defence equipment to India in 2014. This statement provides information about the position of the United States as an exporter of defence equipment to India in 2014. It is not directly related to whether India is the largest importer.

Option 3: Russia has stopped exporting defence equipment to India. This statement suggests that Russia is no longer selling defence equipment to India. However, there is no evidence or information provided to support this claim, so it cannot be considered correct without further verification.

Option 4: India meets not more than 25 per cent of its requirement of defence equipment through import. This statement indicates that India relies on imports for less than 25% of its defence equipment requirements. However, the correct statement is that India is the largest importer of defence equipment, which implies a higher percentage of imports.

In conclusion, the